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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. 1 Inventory on hand-2,500 units; cost $6.60 each. 8 Purchased 12,500 units for $6.00 each. 14 Sold 10,000 units for $12.50 each. 18 Purchased 7,500 units for $5.20 each. 25 Sold 9,000 units for $11.50 each. 28 Purchased 4,500 units for $5.80 each. 31 Inventory on hand--8,000 units. red: 19 calculations based on a perpetual inventory system, determine the inventory balance Aitira would report in its August 31, 2021, ce sheet and the cost of goods sold it would report in its August 2021 Income statement using the FIFO method. Cost of Goods Avallable for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance tual FIFO: Cost of #of #of units Goods Cost of #of units Cost per Cost of units Total Cost of Cost per Ending unit Available for sold unit Goods Sold sold unit Goods Sold Goods Sold unit Sale Inventory Inventory nventory 2,500 $0.00 $ 16,500 5 6.60 $ 6.00 5 5 650 $ of units Cost per Cost per in 0 0 0 Just 18 JUN 28 12.500 7.500 4.500 27.000 6.00 5.20 5.80 0 75,000 39.000 25,100 $ 150.000 6.00 5.20 5.80 600 5.20 5.80 6.00 5.20 5.80 0 0 0 5 O 5 ols 0 0

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