Altra Corporation provides the following information related to its inventory during the month of August 2024: August 1 Imventory on hand-2,400 units; cost $6.50 each. August \& Purchased 12,009 units for $5.99 each. August 14 Sold 9,600 units for $12.48 each. August 18 Purchased 7,200 units for $5.40 each. August 25 Sold 8,600 units for $11.40 each. August 28 Purchased 4,400 units for $5.80 each. August 31 Inventory on hand 7,800 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)