\begin{tabular}{|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{l} Perpetual FIFO: \\ Beginning Inventory \end{tabular}} & \multicolumn{4}{|c|}{ Cost of Goods Available for Sale } \\ \hline & \multirow{2}{*}{\begin{tabular}{|r|} \begin{tabular}{c} Number of \\ units \end{tabular} \\ 3,200 \end{tabular}} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \multicolumn{2}{|c|}{\begin{tabular}{|c|} Cost of \\ Goods \\ Available for \\ Sale \\ \end{tabular}} \\ \hline & & $7.30 & $ & 23,360 \\ \hline \multicolumn{5}{|l|}{ Purchases: } \\ \hline August 8 & 16,000 & 6.70 & & 107,200 \\ \hline August 18 & 9,600 & 6.20 & & 59,520 \\ \hline August 28 & 5,200 & 5.80 & & 30,160 \\ \hline Total & 34,000 & & $ & 220,240 \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] 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 $6.70 each. August 14 Sold 12,800 units for $13.20 each. August 18 Purchased 9,600 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-9,400 units. August 1 Inventory on hand-3,200 units; cost $7.30 each. August 8 Purchased 16,000 units for $6.70 each. August 14 Sold 12,800 units for $13.20 each. August 18 Purchased 9,600 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-9,400 units. Pequired: . Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the FIFO method