Altara Corporation prondes the following information related to its inventory duning the month of August 2024 Augist 1 Inventory on hand-3, 100 untts cost $7.20 each. Nifoit i Purchased 15,580 units for 56.60 each. Aepust is sald 11 , teh inits for. $12.18 each. August 28 Purchase 5,100 undts for $5. te each. Rureust it Inventery os hand-9, 2ae units. Using calculations based on o perpetual inventory system, determine the irventory bolance Altura would report in its August at balance sheet and the cost of goods sold it would report in its August 2024 income statement using last-in, first-out diFO)