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: Mapast 1 Inrestery on hand 2,000 uniter coet 55.10 eaeb. hugust if Turohssed 8,000 unitil for 55,50 enoh. Aagate 14 bold 6,000 waiks tor $12,00 esch. Maguat is Furchaped 6,609 anits for is, 60 eoch, Angust 28 Furehased 4,000 unit for $5, ide each. Aaguet il tevestory ob basd-7,000 unita. Aequired! 1. Using caiculations based on a perpetual inventory system, deterivine the inventery belance Atira would report in is August 31 , 2024 , balance sheet and the cost of goods sold it would report in is August 2024 income statement using the Fifo method