Aug.1 Inventory on hand-3,900 units; cost $8.00 each. 8 Purchased 19,500 units for $7.40 each. 14 Sold 15,600 units for $13.90 each 18 Purchased 11,700 units for $6.60 each 25 Sold 14,600 units for $12.99 each 28 Purchased 5,900 units for $5.50 each. 31 Inventory on hand-10,800 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.) Perpetual Average of units Cost per Beginning Inventory Purchase August Inventory on hand Cost of Goods Sold Inventory Balance Inventory # of units Avg.Cost Cost of #of units in Cost per unit Ending Value sold per unit Goods Sold Inventory unit inventory 3.900 $ 8.00 S 31,200 3,900 S 8.00 $ 31,200 19.500 $ 740 144.300 19,500 $ 7.40 $ 144,300 23,400 175,500 15,000 $ 750 S 117,000 7800 S 750 S 58,500 11.700 50.00 77.220 7,800 $ 58,500 14,000 690 101010 5,900 S580 34.220 41 000 S 280 910 $ 218 616 0 $ 0 Sale August 14 Purchase. August 18 Sale August 25 Purchase August 28 Total