0 Required Information (The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021: Aug.1 Inventory on hand-3,200 units; cost $7.30 each. 8 Purchased 16,000 units for $6.70 each. 14 Sold 12,800 units for $13.20 each. 18 Purchased 9,600 units for $6.20 each. 25 Sold 11,800 units for $12.20 each. 28 Purchased 5,200 units for $5.80 each. 31 Inventory on hand-9,400 units. 2. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places.) Inventory Balance Perpetual Average # of units Cost per Inventory on hand Cost of Goods Sold Inventory # of units Avg.Cost Cost of unit Value sold per unit Goods Sold 3,200 $ 7.30 $ 23,360 16,000 $ 6.70 107,200 # of units in Cost per inventory unit Ending inventory Beginning Inventory Purchase - August 8 $ 3,200 $ 16,000 $ 19,200 7.30 6.70 $ 23,360 107,200 130,560 $ Sale - August 14 Purchase - August 18 12,800 9,600 $ 6.20 59,520 0 $ 0 11,800 Sale - August 25 Purchase - August 28 Total 30,160 5,200 $ 5.80 34,000 S 220,240 $ 0 0 $