Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3, 600 units: cost $7.70 each, 8 Purchased 18,000 units for $7.10 each. 14 Sold 14,400 units for $13.60 each. 18 Purchased 10,800 units for $6.60 each. 25 Sold 13, 400 units for $12.60 each. 28 Purchased 5, 600 units for $5.80 each. 31 Inventory on hand-10,200 units. ired: ing calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021. ce sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method. Cost of Goods Sold - August 14 Cost of Goods Available for Sale Cost of Cost of Goods Sold August 25 Inventory Ral etual FIFA Cost per Cost per # of units sold Cost per Cost of Goods Sold of units Cost per sold Cost of Goods Sold Total Cost of Goods Sold unit Hof units in Inventory Goods W of units unit Available for Sale 3,600 $ 7.70 $ 27.720 unit $ 7.70 $ 7.705 $ 7.70 Inventory hases agust use 18 us 28 18,000 10.800 5,600 38,000 7.10 6.50 5.80 0 127.800 71 280 32.480 5259,280 7.10 5.60 5.80 7.10 6.60 5.80 7.10 6.60 580 0 0 0 $ 0 $ OS 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.) Inventory on hand Cost of Goods Sold Perpetual Average Cost per # of units Inventory Value # of units Avg.Cost sold Inventory Balance # of units In Cost per Ending inventory unit inventory unit Cost of Goods Sold per unit Beginning Inventory Purchase - August 8 0 $ Sale - August 14 Purchase August 18 0 $ 0 Sale - August 25 Purchase. August 28 Total S S 0 0 $