8 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 Part 2 of 2 10 points Aug.1 Inventory on hand-3,700 units; cost $7.80 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for $6.40 each. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-10,400 units. eBook Hint Print References 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.) 8 ! Required information Inventory on hand Cost of Goods Sold Inventory Balance Part 2 of 2 Perpetual Average # of units Cost per unit Inventory Value # of units Avg.Cost sold Cost of Goods Sold # of units in Cost per inventory unit Ending inventory per unit 10 points Beginning Inventory Purchase - August 8 0 $ 0 eBook Sale - August 14 Purchase - August 18 Hint 0 $ 0 Print Sale - August 25 Purchase - August 28 References Total 0 $ 0 $ 0 0 GA $ 0