6 Required information Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018 Part 3 of 3 Aug.1 Inventory on hand-2,600 units; cost $6.70 each 8 Purchased 13,000 units for $6.10 each 14 Sold 10,400 units for $12.60 each 18 Purchased 7,800 units for $5.60 each 25 Sold 9,400 units for $11.60 each 31 Inventory on hand-3,600 units oints awarded Scored 3. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places.) Inventory on hand Cost of Goods Sold Inventory Balance Cost per unit Cost #of units sold Cost of Goods Sold # of units in ending inventory ge Avg.Cost per unit Ending #of units per unit Inventory Value inventory 2,600 s6.70 S17,420 3,200 x S 6.20 19840 5,200 S 6.20 S 32,240 7,800 x 5.84 45,552 3,600 S 5.84 S 21,024 3,600 s 5.84 S 21,024 Beginning 2,600 $6.700 s 17.420 Purchase-August S79,300 Sale August 14 18 Sale-August 25 Total Red text indicates no response was expected in a cell or a formula-based calculation is incorrect: no points deducted. 10,400 S 6.20S 64,480 Purchase-August 780 S 5.60 43,680 9,400S 58 54,896 S 119,376 23,400 S 140,400 19,800