Return to question Required information 3.33 points Altira Corporation uses a perpetual Inventory system. The following transactions affected Its merchandlse Inventory during the month of August 2018: Aug,1 Inventory on hand-3,900 units; cost $8.80 each 8 Purchased 19,580 units for $7,4 each 14 Sold 15,660 units for $13.9 each 18 Purchased 11,78e units for $6.60 each. 25 Sold 14,600 units for $12.90 each 1 Inventory on hand-4,900 units Required: 1. Determine the Inventory balance Altira would report in Its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the FIFO method. (Round "Cost per Unit" to 2 decimal places.) Required 1. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the FIFO method. (Round "Cost per Unit" to 2 decimal places.) Answer is not complete Cost of Goods Available for Sale Cost of Goods Sold-August 14 Cost of Goods Sold - August 25 Inventory Balance Cost of Cost Goods units per Available sold for Sale #of units sold #of Cost of Cost of # of units in ending Cost Cost per unit Inve Ending #of units Cost per unit Goods Sold Per unitGoods Sold unit Deg 3,900 $8.00 31,200 3,08.00 31,200 8.00 0 $ 8.00 August 8 9500740 144,300 August 18 11 700 6 60 77,220 07.40 6.60 7.40 7.40 6.60 6 60 Total 35,100 $ 252,720 3,900 31,200