9 Exercise 8-14 (Algo) Part 2 of 2. Using calculations based on a perpetual Inventory system, determine the inventory balance Atira 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.) Perpetual Average Inventory on hand Cost of Goods Sold # of units Cost per Inventory of units Avg.Cost Cost of unit Value sold per unit Goods Sold Inventory Balance #of units in Cost per Ending Inventory unit inventory Beginning Inventory Purchase - August 8 $ O Sale - August 14 Purchase - August 18 0 $ 0 Sale - August 25 Purchase - August 28 Tour 0 $ $ 0 0 $ 0 0 (Algo) Part 1 Per ons based on a perpetual inventory system, determine the inventory balance Atira would report in its August 31, 2021 ad the cost of goods sold it would report in its August 2021 income statement using the FIFO method Cost of Goods Available for tory Bante Cott Cour per Hot Answer is complete and correct Cest of Goods Sold August Cost Costa Total Cost Gode pern of God sold Som Sold $750 . Cost of Goode Available for Sale $ 23,360 Cost of Goods Sold - August 14 of Cost Couto units Goods Sold 3200 $750 22.330 End Inventory bry 3730 $ 0 3.200 37.30 3.000 0.70 6.400 5430 0 5.70 620 610 6.20 56 16.000 9.600 5.200 34.000 6.70 620 5.80 107.200 39570 30.100 $ 220 240 9 26.04 160 38.200 42000 5200 9.400 5 0 58780 11 00 $7.00 1 164040 12.800 Check my work Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system (LO8-1,8-4) The following information applies to the questions displayed below) Altica Corporation provides the following information related to its merchandise inventory during the month of August 2021 Mog. 1 taventory on hand-3,200 un cont $7.30 each Purchased 16.000 units for $6.70 each 14 Sold 12,300 units for $13.20 each. 1 Purchased .600 units for $6.20 each 35 Gold 11,800 units for $12.20 each 28 Parensed 5.200 units for $5.1 cach. 31 Inventory on hand-9.400 units. Exercise 8-14 (Algo) Part 2 2. Using calculations based on a perpetual Inventory system, determine the inventory balance Altire 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 Inventory on hand Cost of Goods Sold of units Avg Coat por un Goods Sold Cost of Partage Cost per unit Inventory Value of units in Cost per inventory unit of unita Ending Inventory ole