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Q: Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Aug.1	Inventory on hand2,100 units; cost $6.20 each.
8	Purchased 10,500 units for $5.60 each.
14	Sold 8,400 units for $12.10 each.
18	Purchased 6,300 units for $5.40 each.
25	Sold 7,400 units for $11.10 each.
28	Purchased 4,100 units for $5.80 each.
31	Inventory on hand7,200 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).

please discard my naswers. Only blue rectangles need answers.

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 unit Cost of Goods Sold Total Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory 2,100 $ 6.20 $ 13,020 0 $ 6.20 $ 0 0 $ 6.20 $ 0 3,900 $ 6.20 24,180 10,500 5.60 58,800 15,600 5.60 87,360 2,900 5.60 16,240 1,000 5.60 5,600 Beg. Inventory Purchases: August 8 August 18 August 28 Total 6,300 5.40 34,020 0 5.40 0 11,700 5.40 63,180 0 5.40 0 5.8 23,780 0 5.80 0 0 5.80 5,900 5.80 4,100 23,000 34,220 64,000 $ 129,620 15,600 $ 87,360 14,600 $ 79,420 $ 166,780 10,800 $

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