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-3,800 units: cost $7.90 each. 8 Purchased 19.000 units for $7.30 each. 14 Sold 15.200 units for $13.80 each. 18 Purchased 11.400 units for $6.80 each. 25 Sold 14.200 units for $12.80 each. 31 Inventory on hand 4,800 units. Required Determine the inventory balance Altira would report in its August 31, 2016, balance sheet and the cost of goods sold it would report in its August 2016 income statement using each of the following cost flow methods: (Round "Average Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold August 14 Cost of Goods Sold-August 25 Inventory Balance Cost of #of units sold #Of units Cost of in ending u of Cost per Goods units unitAvailable for Cost per cost of unit Goods Sold sold Cost per Ending unit Inventory |#ofunits cost per unit Goods Sold ,800$ 7.90$0023,800 S 790 s 30,020 0 S 7.90 7.90$ Beg Inventory Purchases: 7.30 6.80 7.30 6.80 7.30 38,70011,400 83,220 7.30 August August 18 19.000 1400 6.80 34 200 77,520 246,240 15,200 4,800 4,800 6.80 32.640 Total