Required information [The following information applies to the questions displayed be/ow.] Altira Corporation provides the following information related to its inventory during the month of August 2024 : Asgast 1 Inventory on hand-3,800 units; cont $7,90 each. Aagurt 8 Parchased 19,000 units for 57.30 each. Aaquat 14 sold 15,200 unite for $13,80 eneh. Aaust 18 Purchased 11,400 units for $6. 80 eacb. Auguat 25 sold 14,200 unitn for $12,00 each. Aoguat 28 purehaned 5,300 usita for $5,30 asch. Augubt is inventory on band-10,600 unita. Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2024, bolance sheet and the cost of goods sold it would report in its August 2024 income statement using the FiF method