Altira Corporation provides the following information related to its inventory during the month of August 2024:

August 1	Inventory on hand2,300 units; cost $6.40 each.
August 8	Purchased 11,500 units for $5.80 each.
August 14	Sold 9,200 units for $12.30 each.
August 18	Purchased 6,900 units for $5.00 each.
August 25	Sold 8,200 units for $11.30 each.
August 28	Purchased 4,300 units for $5.80 each.
August 31	Inventory on hand7,600 units.

Using calculations based on a perpetual inventory system, determine the inventory balance Altira 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 last-in, first-out (LIFO).

Perpetual LIFO:	Cost of Goods Available for Sale			Cost of Goods Sold - August 14			Cost of Goods Sold - August 25				Inventory Balance
	Number of units	Cost per unit	Cost of Goods Available for Sale	Number of units sold	Cost per unit	Cost of Goods Sold	Number of units sold	Cost per unit	Cost of Goods Sold	Total Cost of Goods Sold	Number of units in ending inventory	Cost per unit	Ending Inventory
Beginning Inventory	2,300	$6.40	$14,720		$6.40	$0		$6.40	$0			$6.40
Purchases:
August 8	11,500	5.80	66,700		5.80			5.80				5.80
August 18	6,900	5.00	34,500		5.00	0		5.00				5.00	0
August 28	4,300	5.80	24,940		5.80	0		5.80				5.80
Total	25,000		$140,860	0		$0	0		$0	$0	0		$0