Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand 2,500 units; cost $6.60 each. August \& Purchased 12,500 units for $6.e0 each. August 14 Sold 10,000 units for $12.50 each. August 18 Purchased 7,580 units for $5.20 each. August 25 Sotd 9,000 units for $11.50 each. August 28 Purchased 4,5e0 units for $5.80 each. August 31 Inventory on hand-8,800 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)