tira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,480 units: cost 35.56 each. August 8 Purchased 9,600 units for $5.70 each. August 14 Sotd 7,200 units for $12.20 each. August 18 Purchased 7,200 units for $5.88 each. August 25 Sold 8,400 units for $11.28 each. August 28 Purchased 4,800 units for $6.00 each. August 31 Inventory on hand-8,40e units. quired: Ing calculations based on a periodic inventory system, determine the inventory balance Allea would report in its August 31,2024, lance sheet and the cost of goods sold it would report in its August 2024 income stater fors following cost flow athods. Complete this question by entering your answers in the tabs below. Setermine 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 ? nethod. Complete this question by entering your answers in the tabs below. Determine the inventory balance Altira would report in its August 31, 2024, balance sheet: LIFO method