Avtra Corporation provides the following information related to ns inventory during the month of August 2024 Aurast 1 Imentory on hand 2,200 units; cost 56:30 each. August : 8 Purchired 11, e00 units for $5.70 each. August it sole 8,800 unitis for $12.20 each. Augtust is Purchosed 6,600 wits for 55.20 . each, Angivit 25 Sold 7,800 units for 511,20 each. hipost 28 Murchaied 4,200 units for $5, 80 wach. mevest is imentory on fand-7, 400 units. Using calculations based on a perpetual inventory system, determine the irventory balance Altra would report in its fugust 31,2024. balance sheet and the cost of goods sokd it would report in its August 2024 income statement using last in; first-out (LIFO)