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-2,700 units, cost $6.80 each 8 Purchased 13,500 units for $6.20 each 14 Sold 10,800 units for $12.70 each 18 Purchased 8,100 units for $5.60 each 25 Sold 9,800 units for $11.70 each. 31 Inventory on hand-3,700 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 14Cost of Goods Sold-August 25 Inventory Balance Cost of Perpetual # of units 0 Cost per Cost per unit Cost of Goods Soldsold | # of units Cost per Cost of # of cost per Goods units unit Available forunits Sale unit Goods Sold in ending inventory Ending Inventory unit SO Beg. Inventory 2,700 S 6.80 8,36 2,700 6.8018,360 6.80 s $ 6.80 $ Purchases 13,500 8,100 24,300 6.20 5.60 6.20 6.20 5.60 83,700 6.20 August 18 Total 45,360 $ 147,420 2,700 S 18,360 Cost of Goods Available for Sale Cost of Goods Sold-August 14Cost of Goods Sold-August 25 Inventory Balance Cost of erpetual LIF # of units | 0 # of cost per Goods units Cost of Goods Soldsold | # of units Cost per Cost of Cost per Ending Inventory le for units Cost unit unit Available forsold Sale unit unit Goods Sold in ending inventory 2,700S 6.80 18,360 $ 6.80 S 6.80 s 2,700$ 6.80$ 18,360 Beg. Inventory Purchases August 8 August 18 13,500 8,100 24,300 6.20 5.60 83,700 45,360 S 147,420 6.20 5.60 6.20 5.60 6.20 5.60 Total 2,700 S 18,360