August $1$ Inventory on hand$-2,100$ units; cost $$6\mathrm{.}20$ each.

August $8$ Purchased $10,500$ units for $$5\mathrm{.}60$ each.

August $14$ Sold $8,400$ units for $$12\mathrm{.}10$ each.

August $18$ Purchased $6,300$ units for $$5\mathrm{.}40$ each.

August $25$ Sold $7,400$ units for $$11\mathrm{.}10$ each.

August $28$ Purchased $4,100$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$-7,200$ units.

Exercise $8-14($Algo$)$ Part $2$

$2.$ Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August $31,2024,$ balance sheet and the cost of goods sold it would report in its August $2024$ income statement using the Average cost method. Note: Round "Average Cost per Unit" to $2$ decimal places.

$\backslash$table$[[\backslash$table$[[$Perpetual Average$],[$Beginning Inventory$]],$Inventory on hand,Cost of Goods Sold,Inventory Balance$],[\backslash$table$[[\backslash$table$[[$Number$],[$of units$]]],[2,100]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Inventory$],[$Value$]],\backslash$table$[[\backslash$table$[[$Number$],[$of units$],[$sold$]]]],\backslash$table$[[$Average$],[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$Number of$],[$units in$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$inventory$]]],[$$$,6\mathrm{.}20,$$$,13,020,,,,,2,100,$$$,6\mathrm{.}20,$$$,13,020],[$Purchase $-$ August $8,10,500,$$$,5\mathrm{.}60,,58,800,,,,,,12,600,$$$,5\mathrm{.}60,$$$,70,560],[,,,,,,,,,,14,700,,,$$$,83,580],[$Sale $-$August $14,,,,,,8,400,$$$,5\mathrm{.}70,$$$,47,880,4,200,$$$,5\mathrm{.}70,$$$,23,940],[$urrhoen $-{}_{\text{u}\text{i}\text{n}\text{i}\text{l}\text{e}\text{t}}^{18},6,300,$$$,5\mathrm{.}40,,34,020,,,,,,10,500,$$$,5\mathrm{.}40,$$$,56,700]]$