Altira Corporation provides the following information related to its inventory during the month of August 2024 : Mugust 1 Inventery on hand-2, 100 units; cost $6.20 each. August 8 Purchased 10,500 units for $5.60 each. August 14 Sold 8,46 units for $12.10 each. August 18 Purchased 6,300 units for $5.40 each. August 25 sold 7,48e units for $11.10 each. August 28 Purchased 4,100 units for $5.80 each. August 31 Inventory on hand-7,20e units. 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. Note: Round "Averoge Cost per Unit" to 2 decimal places