August $1$ Inventory on hand $-2,000$ units; cost $$5\mathrm{.}30$ each.

August $8$ Purchased $8,000$ units for $$5\mathrm{.}50$ each.

August $14$ Sold $6,000$ units for $$12\mathrm{.}00$ each.

August $18$ Purchased $6,000$ units for $$5\mathrm{.}60$ each.

August $25$ Sold $7,000$ units for $$11\mathrm{.}00$ each.

August $28$ Purchased $4,000$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$-7,000$ units.Required:

Using calculations based on a perpetual inventory system, determine 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 $2024$ income statement using the FIFO method.