Gaur HUHTIMIT UP 2021 g.1 Tnventory on hand 3,900 units; cost $8.00 each. 8Purchased 19,500 units for $7.40 each. 14 Sold 15,600 units for $13.90 each 18 purchased 11.700 units for $6.60 each 25 Sold 14,600 units for $12.90 each. 28 Purchased 5,900 units for $5.00 each 31 Inventory on hand-10,800 units Exercise 8-14 (Algo) Part 1 Required: 1. Using calculations based on a perpetual inventory system determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method Cost of Goods Sold. August 14 Cost of Goods Sold. August 25 Inventory Balance Perpetual Cost of Goods Available for Sale Cost of Cost per # of units unit Available for Sale 3.000 $100 $ 31.200 Goods W of units sold Cost per unt Cost of Goods Sold of units Cost per unit Cost of Goods Sold Total Cost of Goods Sold sold N of units in Inventory Cost per unir End Inver 3.000 S 8.005 31.2001 1 8.00 $ 210400 $ 3.00 $ 7.40 Beg walory Porchos Aug August 18 August 26 Tots 740 0.00 7.40 0.00 0 10,000 11,700 5.900 41.000 144,300 77.220 34220 5200,040 7:40 650 580 5.80 5.80 5.80 0 31200 3,000 S 27300 5218400 $ 249.000 0 5