Required information [The following information applies to the questions displayed below] Altira Corporation provides the following information related to its imventory during the month of August 2024 : August 1 Inventory on hand-3,7ee units; cost 57.80 each, August \& Purchased 18 , 500 units for $7.20 each. August 14 sold 14 , 18e units for $13.78 each. August 18 Purchased 11,10e units for $6.4e each. August 25 sold 13,80 units for $12.78 each. August 28 Purchased 5,700 units for 55,80 each. August 31 Inventory on hand-10,40e 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 FIFO method. y system, determine the inventory balance Altira would report in its August 31 , Nould report in its August 2024 income statement using the FIFO method