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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-2, 100 unfts; cost $6,20 eech. August 8 Purchased 10,500 units for $5,60 each. August 14 sold 8,400 units for $12,10 each. August 18 Purchased 6,3e0 units for $5.40 each. August 25 Sold 7,400 undts for $11,10 each. August 28 Purchased 4,100 units for $5.80 each. August 31 Inventory on hand 7,200 units. Required: 1. 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: Required: 1. 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 FFO method. inventory bafance Altira would report in its August 31 , 2024 income statement using the FIFO method