Check my work Required information [The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. 1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,800 units for $5.60 each. 25 Sold 7,eee units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7,898 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.) Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 1 Required information Cost of Goods Sold of 2 Perpetual Average Inventory on hand # of Cost Inventory units per unit Value 2,000 $ 5.30 $ $ 10,600 8,000 $ 5.50 44.000 # of units sold Avg.Cost per unit Cost of Goods Sold * of units Beginning Inventory Purchase - August 8 Inventory Balance # of units Cost Ending in per inventory inventory unit 2,000 $ 5.30 $ 10,600 8.000 $ 5.50 $ 44,000 10.000 $ 54,600 4,000 s 5,50 $ 22.000 Sale - August 14 Purchase - August 18 6,000 $ 5.50 X $ $ 33,000 6.000 $ 5.60 33,600 4,000 $ 22,000 $ 40,600 S 5.80 X 7,000 $ $ 5.80 Sale - August 25 Purchase - August 28 Total 23,200 4,000 $ 5.80 20,000 $ 111,400 $ 33,000 7,000 $ 40,600 S W ere to search Connect - Google. 10 6:32 PM 11/4/2020