Required information The following information apples to the questions displayed below) Altita Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug, 1 Teventory hand 3,200 units cost 17.10.ch Purchased 15.000 units for 36. each 14 Sold 11,000 wit for 3.0 ch 1 Purchased 1,000 tits for $6.00 h 25 Sold 11,000 units for $12.00 each 26 Purchased 5,000 vite for mach 31 Teventory on hand-9,000 units Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altra would report is August 31, 2021 balance sheet and the cost of goods sold it would report in its August 2021 income statement using me FIFO method Costos Solit August 14 Cost of Goods Sold August 25 Inventory Balance of its of Casper Cost per Total Costel Cet of Good vible for sale Care Goods Aviable for Sale 3000 S 7105 Cost per Costor Cost of Good Costo Goode radimo ventory 5 21.300 710 . 7:10 710 Bag Inventory Purchase Aug 0 650 600 15.000 9000 5.000 0 650 100 510 650 600 510 57 500 54000 25.000 5 201400 650 600 580 0 5.80 Aug 21 T $ . 5 3.000 5 0 $ 0