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-2,800 units; cost $6.99 each. 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. 28 Purchased 4,800 units for $5.80 each. 31 Inventory on hand-8,600 units. Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would reportinis August 31 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method. Cout of Goods Sold - August 14 Cost of Goods Sold August Pero Cost of Goods Available for Sale Costo Goode Available for of units Cooper Coster Cost of Osoda od und of units Cooper sold Cost of Total Center Good Son Goode Boll in Coupe Bold Ending 2.000 $6.00 10.320 5 6.30 5 603 0 1 0303 0 . Begretary Purchase August August 18 August 20 Total 14.000 8.400 0.30 580 5.50 5.80 30.200 48.720 27.840 5 184.000 630 5.00 5.00 5.00 5.10 5.50 4,800 30,000 0 0 0 5 0 5