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Blanks please explain! Required information [The following information applies to the...

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Accounting

Blanks please explain!
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Required information [The following information applies to the questions displayed below.] Altira Corporation provides the following information related to its inventory duting the month of August 2024: August 1 Inventory on hand-2,300 unLts; caat $6,40 each. Aagiast of Purchased 11,500 units for $5.00 each. Auguat 14 sold 9,200 units for $12.30 each. Auquet in Purehased 6,900 units for $5,00 each. Auguat 25 sold 8, 200 unith for $11.30 each. Auguat 28 Purobased 4,300 units for 55 . 100 each. Maguat if inventery on hasd-7,600 unita. Required: 1. 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

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