Required information [The following information applies to the questions disployed bolow] Altira Corporation provides the following information related to its inventory during the month of August 2024: Rugust I Inventory on hand 3,600 units: eeat 57,70 each. August B Furchased 18,000 units for $7,10 each. Mugust i4 told 14,400 units for $13,60 each. August 16 Purehased 10,800 unita for $6.60 onch. Augpost 25 told 13,400 units for $12.60 eaeh. August 28 purchased 5,600 units tor $5, 00 each. Auguet 21 inventery on band 10,200 unita. equired: Using calcutatons based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31 , 024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the Fifo method