Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2016 Aug.1 Inventory on hand-3,000 units; cost $7.10 each. 8 Purchased 15,000 units for $6.50 each. 14 Sold 12,000 units for $13.00 each. 18 Purchased 9,000 units for $6.00 each. 25 Sold 11,000 units for $12.00 each. 31 Inventory on hand-4,000 units. Required: Determine the inventory balance Altira would report in its August 31, 2016, balance sheet and the cost of goods sold it would report in its August 2016 income statement using each of the following cost flovw methods: (Round "Average Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods Sold - August 25 Inventory Balance Cost of # of Cost per Goods units #of # of units | Cost per Ending Inventory Cost per Cost of unit Goods Sold sold | | # of units Cost per Cost of unit Available forunits Sale unit Goods Sold in ending sold nventory unit Beg. Inventory August 8 August 18 Total Inventory on hand Cost of Goods Sold Inventory Balance Cost per unit tual Average # of units in Cost per | Inventory | # of units AvgCost Cost of per unit Goods Sold ending Ending inventory # of units unit Value sold inventory Beginning Inventory Purchase August 8 Subtotal Average Cost Sale August 14 Subtotal Average Cost Purchase August 18 Subtotal Average Cost Sale August 25 Total