Required information The following information applies to the questions displayed below) Aura Corporation provides the following information related to its merchandise Inventory during the month of August 2021 Aug. Inventory a hand-2,600 unita; tost $8.70 each Purchased 13,000 units for $6.30 each 14 Sold 10,400 units for $12.60 each. 10 Purchased 7,000 units for $5.00 each. 25 Sold 9,300 units for $11,60 28 Purchased 4,000 units for $5.00 each. 31 Inventary on hand-8,200 units. 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 Avallalle lor Sair Cost of Goods Sold August 14 Cast of Goods Sold-August 25 Inventory Eladance PerpetualEIFO of units Cost per unit Cost of Goods Available for Sale #of units sold Cost per unit Cost of Goods Sold fof units Cost per sold Cost of Goods Sold Total Cost of Goods Sold of units In Cost per unit Ending Inventory Inventory Beg Inventory 2.600 $670 5 17.420 $ 6.70 $ 6.70 $ D S 6705 Purchases August & 13,000 6.10 79,300 6:10 610 610 August 181 7,800 560 43,600 5.60 0 5.60 GARERES AV560 August 201 4.000 5 80 26.680 5.00 580 5.00 Total 28.000 $167,000 0 $ 0 0 $ 05 $