Required Information [The following information applies to the questions displayed below) Amira Corporation provides the following information related to its merchandise Inventory during the month of August 2021 each Aug.1 Inventory on hand-2,000 units cost 35.0 8 Purchased 8,000 units for $5.50 each 14 Sold 6,000 units for $12,00 each 18 Purchased 6,000 units for 35.60 each. 25 Sold 7.000 units for $11.00 each. Purchased ,eee units for 55. each. 31 Inventory on hand-,000 units. Required: 1. Using calculations based on a perpetual Inventory system, determine the inventory balance Aitra 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 Answer is not complete. Cost of Goods Sold - August 25 Cost of Goods Av t o Cost of Goods Sold August 14 Inventory Balance Perpetual of Goods Available Cost per unit Cost of Goods Sold | Cost per unit Cost of Goods Sold Total Cost of Goods of units in ending inventory Cost per unit Ending Inventory 2.000 55.30 10,600 Inventory 2,000s 5.30 S 10.500 $ 530 2.000 S 530 S 10.500 3.000 5.50 16.500 550 5.500 5.50 5.50 44.000 33 500 5 August 18 August 20 8.000 .000 1 6 4000 20 000 550 4,000 9300