(1) Bescutrest Requlred Informstion Whe following information aopites to the questions dispired below] Aitira Corporation provides the fonowing information reiated to its inventory during the month of August 2024 Aurust 1 Inventomy on hand-2, and units; cost 56.50 cachy Aurust 14 cold o. foe unfts for 512 ah ench. Atrust 18 Purchosed thod unt te fior 55 an ekch. Aurust 25 sold b. 60e undts for 511.40chch. Aurust aB Purchased a, aen units for 55.80emch. Requlred: 1. Using calculations based on a perpetual Inventory system, determine the Inventory balance Aitira would report in its August 31 , 2024. balance sheet and the cost of goods sold it would report in its August 2024 Income statement using the FiFO method