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both parts please Required information [The following information apples to the questions displayeut beiond] Altira Corporation provides the following information related to its inventory during

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Required information [The following information apples to the questions displayeut beiond] Altira Corporation provides the following information related to its inventory during the month of August 2024: Aevent 1 inventory on tans-2, 300 anatwi cont 56,45 each. hepent i rurehased 11,506 . eaite for 55.10 each. kogeat 14 sotd 9,200 unita for 512.30 eacs. Aequest is turehased 6,400 whits tor 15,00 each. Aegunt as sold $,200 units tor $11,30-each. Megust 28 purchased 4,300 enfte for 55,10 each. Wepute is Inventory on hans-7,000 unitw. Required: 1. Using calculations bssed on a perpetual invertory system, determine the inventory balance Alira would report in iss August 3 . 2024 , bolance sheet and the cost of goods sold it would report in its August 2024 income statement using the FiFO method. 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

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