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

August $1$ Inventory on hand$-3,100$ units; cost $$7\mathrm{.}20$ each.

August $8$ Purchased $15,500$ units for $$6\mathrm{.}60$ each.

August $14$ Sold $12,400$ units for $$13\mathrm{.}10$ each.

August $18$ Purchased $9,300$ units for $$5\mathrm{.}80$ each.

August $25$ Sold $11,400$ units for $$12\mathrm{.}10$ each.

August $28$ Purchased $5,100$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand $-9,200$ units.

Required:

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 the FIFO method.

$\backslash$table$[[\backslash$table$[[$Perpetual FIFO:$],[$Beginning Inventory$]],$Cost of Goods Available for Sale,Cost of Goods Sold $-$ August $14,$Cost of Goods Sold $-$ August $25,\backslash$table$[[$Total Cost of$],[$Goods Sold$]],$Inventory Balance$],[\backslash$table$[[\backslash$table$[[$Number of$],[$units$]]],[3,100]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods$],[$Avallable for$],[$Sale$]],\backslash$table$[[$Number$],[$of units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$Number$],[$of units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$Number of$],[$units in$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$$$7\mathrm{.}20,$$$,22,320,7\mathrm{.}20,7\mathrm{.}20,,7\mathrm{.}20],[$Purchases:$],[$August $8,15,500,6\mathrm{.}60,,102,300,,6\mathrm{.}60,,,6\mathrm{.}60,,,,6\mathrm{.}60,],[$August $18,9,300,5\mathrm{.}80,,53,940,,5\mathrm{.}80,,,5\mathrm{.}80,,,,5\mathrm{.}80,],[$Total$,33,000,,$$$,208,140,,,,,,,,,,]]$