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).

Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021: Aug.1 Inventory on hand-3,480 units; cost $7.50 each. 8 Purchased 17,000 units for $6.99 each. 14 Sold 13,608 units for $13.40 each. 18 Purchased 10,200 units for $6.40 each. 25 Sold 12,600 units for $12.40 each. 28 Purchased 5,400 units for $5.80 each. 31 Inventory on hand-9,880 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). Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Perpetual LIFO: # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost Cost of per unit Goods Sold # of units sold Cost per Cost per unit Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory Ending Inventory unit Beg. Inventory 3.400 $ 7.50 $ $ S 25,500 $ 7.50 s 0 $ $ 7.50 $ 0 $ 7.50 8.90 8.90 Purchases: August 8 August 18 August 28 Total 8.90 6.40 117.300 65.280 8.90 6.40 8.40 0 6.40 0 17,000 10.200 5.400 36,000 5.8 31,320 5.80 0 0 5.80 5.80 S 239,400 0 S 0 0 S 0 $ 0 S s 0