Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,800 units; cost $6.90 each. August 8 Purchased 14,000 units for $6.30 each. August 14 Sold 11,200 units for $12.80 each. August 18 Purchased 8,400 units for $5.80 each. August 25 Sold 10,200 units for $11.80 each. August 28 Purchased 4,800 units for $5.80 each. August 31 Inventory on hand-8,600 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)