Aug. 1 Inventory on hand-2,000 units; cost $5.30 cach. 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. Exercise 8-14 (Static) Part 2 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.) Perpetual Average Inventory on hand Cost of Goods Sold Cost per # of units Inventory # of units Avg.Cost Cost of unit Value sold per unit Goods Sold 2,000 $5.30 $ 10,600 8,000 $ 5.50 44,000 Inventory Balance # of units in Cost per Ending Inventory unit Inventory Beginning inventory Purchase - August 8 0 5 0 Sale - August 14 Purchase - August 18 6.000 $ 5.46 $ 32,760 6.000 55.00 33,600 0 $ 0 7000 Sale - August 25 Purchase - August 28 Total 4,000 $ 5.80 20,000 23,200 111,400 5 $ 32,760 0 $ 0