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.) 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 Balance Perpetual Average Inventory on hand Cost per of units Inventory unit Value Cost of Goods Sold # of units Avg Cost Cost of sold per unit Goods Sold # of units in Cost per inventory unit Ending inventory Beginning Inventory Purchase - August 8 2.000 $ 530 $ 8,000 $ 550 10.600 44.000 0 $ 0 6,000 Sale - August 14 Purchase August 18 6,000 S 560 33.600 0 S 7.000 77000 Sale - August 25 Purchase August 28 Total 4,000 S 580 20,000 23 200 111,400 $ $ 0 $ 77,000