wwwwww. Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system (LO8-1, 8-4] [The following information applies to the questions displayed below] Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand-2,700 units; cost $6.00 each. August 8 Purchased 13,500 units for $6.20 each. August 14 Sold 10,000 units for $12.70 each. August 18 Purchased 8,100 units for $5.50 each. August 25 Sold 9,800 units for $11.70 each. August 20 Purchased 4,700 units for $5.00 each. August 31 Inventory on hand-8,400 units. ercise 8-14 (Algo) Part 1 quired: sing calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 24, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the FIFO method. Cost of Goods Available for Sale Cost of Goods Sold-August 14 Cost of Goods Sold - August 25 Inventory Balance petual FIFO. Number of Cost per units unit ginning Inventory 2.700 S 6.80 s Cost of Goods Available for Sale 18.360 Number of units sold Cost per unit Cost of Goods Sold Number of units sold Cost per unit Cost of Goods Sold Total Cost of Goods Sold Number of units in inventory Cost per unit Ending Inventory 2,700 $ 6.80 $ 18,360 0 $ 6.80 $ 0 $ 6.80 51 0 chases ugust 8 13,500 6.20 ugust 16 8.100 5.60 ugust 28 4,700 5.80 83.700 13,500 45.360 8,100 27,260 620 83,700 0.20 6.20 0 5.60 45.360 5.60 5.60 10 5.80 0 5.80 5.80 29,000 $ 174,680 24,300) S 147.420 0 $ 05 147.420 0 S