Exercise 8-15 (Algo) LIFO; perpetual system [LO8-1, 8-4] Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand-4,000 units; cost $8.10 each. August 8 Purchased 20,000 units for $7.50 each. tugust 14 Sold 16,000 units for $14.00 each. tugust 18 Purchased 12,000 units for $7.00 each. tugust 25 Sold 15,000 units for $13.00 each. lugust 28 Purchased 6,000 units for $5.80 each. tugust 31 Inventory on hand-11,000 units. August 1 Inventory on hand-4,000 units; cost $8.10 each. August 8 Purchased 20,000 units for $7.50 each. tugust 14 Sold 16,000 units for $14.00 each. tugust 18 Purchased 12,000 units for $7.00 each. tugust 25 Sold 15,000 units for $13.00 each. tugust 28 Purchased 6,000 units for $5.80 each. tugust 31 Inventory on hand-11,000 units. Jsing calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31 , 20 : salance sheet and the cost of goods sold it would report in its August 2024 income statement using last-in, first-out (LIFO)