Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,200 units; cost $7.30 each. August 8 Purchased 16,000 units for 56.70 each. August 14 Sold 12, 809 units for $13.20 each. August 18 Purchased 9,60e units for $6.20 each. August 25 Sold 11,800 units for $12.20 each. August 28 Purchased 5,200 units for $5,80 each. August 31 Inventory on hand 9,48e 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 (UFO). Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,200 units; cost $7.30 each. August 8 Purchased 16,000 units for 56.70 each. August 14 Sold 12, 809 units for $13.20 each. August 18 Purchased 9,60e units for $6.20 each. August 25 Sold 11,800 units for $12.20 each. August 28 Purchased 5,200 units for $5,80 each. August 31 Inventory on hand 9,48e 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 (UFO)