August $1$ Inventory on hand$-3,900$ units; cost $$8\mathrm{.}00$ each.

August $8$ Purchased $19,500$ units for $$7\mathrm{.}40$ each.

August $14$ Sold $15,600$ units for $$13\mathrm{.}90$ each.

August $18$ Purchased $11,700$ units for $$6\mathrm{.}60$ each.

August $25$ Sold $14,600$ units for $$12\mathrm{.}90$ each.

August $28$ Purchased $5,900$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand $-10,800$ units.

Required:

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 the FIFO method.

$\backslash$table$[[\backslash$table$[[$Perpetual FIFO:$],[$Beginning Inventory$]],$Cost of Goods Available for Sale,Cost of Goods Sold $-$ August $14,$Cost of Goods Sold $-$ August $25,\backslash$table$[[$Total Cost of$],[$Goods Sold$]],$Inventory Balance$],[\backslash$table$[[\backslash$table$[[$Number of$],[$units$]]],[3,900]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[\backslash$table$[[$Cost of$],[$Goods$],[$Available for$],[$Sale$]]]],\backslash$table$[[\backslash$table$[[$Number$],[$of units$],[$sold$]]],[]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[\backslash$table$[[$Number$],[$of units$],[$sold$]]]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$Number of$],[$units in$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$$$8\mathrm{.}00,$$$,31,200,8\mathrm{.}00,8\mathrm{.}00,$$$,$$$,8\mathrm{.}00,$$