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ira Corporation provides the following information related to its merchandise inventory during the month of August 2021 ing.1 Inventory on hand-3,200 units; cost $7.30 each. Purchased 16,000 units for 36.70 each. 14 Sold 12,800 units for $13.20 each. 10 Purchased 9,600 units for $6.20 each. 15 Sold 11,800 units for $12.20 each. 28 Purchased 5,200 units for $5.80 each. 31 Investory on hand-5,400 units. ing calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, lance sheet and the cost of goods sold it would report in its August 2021 income statement using last-in, first-out (LIFO) etual LIFO: Cost of Goods Available for mate Cost of units per unit Cost of Goods Sold - August 14 Cost of Goods Sold-August 25 Inventory Balance Cost of Goods Available for Sale of units sold Cost per unit Cost of Goods Sold #of units sold Cost per unit Cost of Total Cost of Goods Sold Goods Sold of unit in anding Cost per unit Ending Inventory Inventory Inventory 3,200 $7.30 $ 23,360 $7.30 $ of $730 5 0 3.2007.30 $ 23.300 rchases 4 August 16,000 8.70 107,200 6.70 9.800 670 65.660 670 August 18 9.600 20 59.520 7.000 620 47,120 2.000 620 12.400 620 Q August 20 5.200 58 30.160 5200 5.80 30,160 580 580 34.000 S 220.240 7.600 $ 47,120 11,000 78.0605 $ 125,100 3,200 $ 23,300

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