8-34 please help!

Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system [LO8-1, 8-4] [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 : Augast 1 Inventory on hand-3, 500 unitn; cont $7.60 each. August Purchased 17,500 units for $7,00 each. Auqust 14 sold 14,000 units for $13.50 each. August 18 Purchased 10,500 units for $6.80 each. August 25 sold 13,000 uniti for $12.50 each. August 28 Purehased 5,500 units for $5.80 each. August 31 Inventory on hand-10,000 units. Required: 1. Using calculations based on a perpetuat inventory system, determine the imventory balance Altira 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