Help Save & Exit Submit Check my work Required information Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018: ,800 units cost $6.90 each. Aug.1 Inventory on h 8 Purchased 14,000 units for $6.30 each. 14 Sold 11,200 units for $12.80 each. 18 Purchased 8,400 units for $5.80 each. 25 Sold 10,200 units for $11.80 each 31 Inventory on hand-3,800 units. sold it would report 2. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods per Unit" to 2 decimal places.) st 2018 income statement using the LIFO method. (Round "Cost Cost of Goods Sold Cost of Goods Sold -August 14 Cost of Goods Available for Sale Cost of | #of |# of units | Perpetual LIFO: -cost of #of Cost per | Goods lorit Costpe Cost of Cost per in ending | units unit Goods Sold sold unit Goods Sold units unit Available for so Sale 2,800 S 690$ 6.90 6.90 S 2,800 s 60S 19,320 Prey 56 of 9ll Next > k my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not Indicate completion Return to question ne the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold It would report st 2018 income statement using the LIFO method. (Round "Cost per Unit to 2 decimal places.) Answer is not complete. for Cost of Goods Sold- August 14 Cost of Goods Sold-August 25 Cost of Sold Cost of # of units cost in endingper unit l#of Cost #of | Ending #of per Available -old Goods uis Cont Cost ofa units per unit Sold sold sold for Sale os 690 0 6.90 114,000 o 6300| 88.200 111,200 o 6.30 I 70560 11,000 ) 630 I 1 8 8,4005.8048,720 6.30 11,340 5.80 08.405.80 48,720 60.060 05.80 02.800 S 19,320 S 156,24011,200 $ 70,56010,200 MacBook Pro