Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018: Aut 1 nventory on hand 2,200 units cost $6.30 each 8Purchased 11.000 units for $5.70 each 14 Sold 8, 800 units for $12,20 each 18 Purchased 6,600 units for $5.20 each 25 Sold 7,800 units for $11.20 each 31 Inventory on hand 3,200 units 2. 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 LIFO method (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO Cost of Goods Available for Sale Cost of For Cost per Goods units unit Available for Sale W of units sold Cost per unit Cost of of units Cost per Goods Sold sold unit Cost of Goods Sold # of units in ending Inventory Cost per unit Ending Inventory Beg. Inventory Purchases August August 18 Total