Arura Corporabon provides the following information related to its irwentory duning the month of August 2024. August 1 Inventory on hand-2,300 unlts; cost $6.40 each. Autust a Purchased 11,500 units for \$s.tee each. August 14 Sold 9,200 units for $12,30 each. Aurust in Purchased 6,909 units fer 55,00 each. August 25: Sold B,200 enits for $31,30 each. Augost 28 Purchased 4,300 undts for 55 . 03 each. Aurust 31 Imentocy on hand-7, tee units. Usang calculations based on a perpetuat inventory system, determine the inventory balance Nitra would report in its August 31,2024. balance sheet and the cost of goods sold it would report in is Aupust 2024 income statement using last-in, first-out (UFO)