Return to question 6 Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: 10 points points Aug.1 Inventory on hand-2,800 units; cost $6.90 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. 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 last-in, first-out (LIFO). Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO: Cost Cost Cost Cost # of units per unit Cost of Goods Available for Sale # of units sold per unit Cost of Goods Sold # of units sold per unit Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory per unit Ending Inventory 2,800 $6.90 $ 19,320 2,800 X $6.90 $ 19,320 $6.90 $ 0 $ 6.90 Beg. Inventory Purchases: August 8 14,000 6.30 88,200 6,600 X 6.30 41,580 6.30 27,720 6.30 4,400 x 3,400 X August 18 8,400 5.80 48,720 5.80 0 5.80 19,720 3,200 X 5.80 18,560 August 28 4,800 5.8 27,840 5.80 0 5.80 4,200 X 5.80 24,360 Total 30,000 $ 184,080 9,400 60,900 7,800 $ 47,440 108,340 7,400 $ 42,920