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y Homework Problems Saved Help Save & Exit Sub Check my word Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,400 units; cost $6.50 each. & Purchased 12,000 units for $5.90 each. 14 Sold 9,600 units for $12.40 each. 18 Purchased 7,200 units for $5.40 each. 25 Sold 8,600 units for $11.40 each. 28 Purchased 4,400 units for $5.80 each. 31 Inventory on hand-7,800 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 Perpetual LIFO: of units Cost per Cost of Goods Available for Sale of units sold Cost Cost of per unit Goods Sold of units sold Cost per unit Cost of Total Cost of Goods Sold Goods Sold of unity ending Invento Beg. Inventory Purchases: August 8 August 18