Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-2,200 units; cost $6.30 each. 8 Purchased 11,000 units for $5.70 each. 14 Sold 8,800 units for $12.20 each. 18 Purchased 6,600 units for $5.20 each. 25 Sold 7,800 units for $11.20 each. 28 Purchased 4,200 units for $5.80 each. 31 Inventory on hand-7,400 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.) Inventory on hand Inventory Balance Perpetual Average Cost of Goods Sold of units Avg Cost Cost of sold per unit Goods Sold # of units Cost per Inventory Value Cost per unit wounds ending inventory 2 200 Ending Inventory unit $ $ 6.30 $ 13,860 Beginning Inventory Purchase - August 8 2,200 11,000 $ $ 6.30 5.70 13.860 62.700 2200 4.400 13,860 25,520 8,800 $ 580 $ 51,040 $ 5.80 $ Sale - August 14 Purchase - August 18 6,600 $ 520 34 320 4.400 3.200 25,520 17,408 7.800 $ 5.44 42.432 $ 5.44 $ Sale - August 25 Purchase - August 28 Total $ 5.801 $ 24.360 14,200 580 24,000 24,360 135 240 93,472 7,400 $ 41,768