August $1$ Inventory on hand$-2,700$ units; cost $$6\mathrm{.}80$ each.

August $8$ Purchased $13,500$ units for $$6\mathrm{.}20$ each.

August $14$ Sold $10,800$ units for $$12\mathrm{.}70$ each.

August $18$ Purchased $8,100$ units for $$5\mathrm{.}60$ each.

August $25$ Sold $9,800$ units for $$11\mathrm{.}70$ each.

August $28$ Purchased $4,700$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$-8,400$ 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$[[$Perpetual Average,Inventory on hand,Cost of Goods Sold,Inventory Balance$],[\backslash$table$[[$Number$],[$of units$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Inventory$],[$Value$]],\backslash$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$]],],[$Beginning Inventory$],[$Purchase $-$ August $8,,,,,,,,,],[,,,,,,0,,$$