2. 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 Average cost method Vote: Round "Average Cost per Unit" to 2 decimal places. Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand-3,900 units; cost $8.00 each. August 8 Purchased 19,500 units for $7.40 each. August 14 Sold 15,600 units for $13.90 each. August 18 Purchased 11,700 units for $6.60 each. August 25 Sold 14,600 units for $12.90 each. August 28 Purchased 5,900 units for $5.80 each. August 31 Inventory on hand-10,800 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