Altira Corporation provides the following information related to its inventory during the month or August 2024 : August-1 Inventory on hand 3,700 units ; cout $7.80 each, August 8 purchased 18,500 units for $7.20 each. August 14 Sold 14,800 units for $13.70 each. Auguet is purchased 11,100 unitn for $6.40 each. August 25 Sold 13,800 units for $12,70 each. August 28 Purchased 5,700 units for 55.80 each. August 31 Inventory on hand-20,400 units. Using calculations based on a perpetual inventory system, determine the inventory bolance 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 (UFO). itory system, determine the inventory balance Altira would report in its August 31, 2024, ould report in its August 2024 income statement using last-in, first-out (LIFO)