Required information (The following information appoes to the guestiont daspioyed below] Azira corporason provides the following information related to ss inventory during the month of August 202s Mecust if purchased 18,000 units for 5%.10 each. Nupist is sold 13,400 inits for 112.60 ebch. August at purchased 5 , 600 intts for is, ete each. tubust is Ievertery on hand-10, ano units. Required: 1. Using cakculasions based on a perpetual irventory system, determine the inventory balance Azira 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