Required information (The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-3,600 units cost $7.70 each. B Purchased 18,000 units for $7.10 each. 14 Sold 14,400 units for $13.60 each. 18 Purchased 10,800 units for $6.60 each. 25 Sold 13, 400 units for $12.60 each. 28 Purchased 5,600 units for $5.80 each. 31 Inventory on hand-10,200 units. tequired: . Using calculations based on a perpetual inventory system, determine the inventory balance Altra would report in its August 31, 2021, alance 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 FIFO: Cost of Goods Available for Sale Cost of of units Cost per Goods unit Available for Sale of its Cost per unit Cost of Goods Sold #of units sold Cost per unit Cost of Goods Sold Total Cost of Goods Sold of units In ending Cost per Endin Beg. Inventory Purchases August August 18 August 28 Tota Inventory Balance hits Cost per Ending Inventory cory