Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7,000 units. 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.) Required information Perpetual Average inventory on nana Cost # of Inventory units Value unit 2,000 $ 5.30 $ 10,600 8,000 $ 5.50 44,000 cost of Goods yola Cost of Avg.Cost Goods per unit Sold # of units sold per inventory balance # of units Cost Ending in per inventory unit inventory Beginning Inventory Purchase - August 8 6,000 12.00 $ 72,000 Sale - August 14 Purchase - August 18 6,000 $ 5.60 33,600 8,000 $ 5.50 8,000 2,000 $ 12.00 8,000 $ 5.60 10,000 3,000 $ 11.00 7,000 $ 5.80 10,000 $ 44,000 $ 44,000 $ 24,000 $ 44,800 $ 68,800 $ 33,000 $ 40,600 $ 73,600 7,000 11.00 X 77,000 Sale - August 25 Purchase - August 28 Total 4,000 $ 5.80 23,200 $ 111,400 20,000 $ 149,000