FILL IN THE BLANKS

Exercise 8-14 Inventory cost flow methods; perpetual system [LO8-1, 8-4 Altira Corporation uses a perpetual inventory system. The following inventory during the month of August 2018 affected its merchandise Inventory on hand-2,700 units cost $6.80 Aug.1 each 8 Purchased 13,500 units for $6.20 each. 14 Sold 10,800 units for $12.70 each. 18 Purchased 8,100 units for $5.60 each. 25 Sold 9,800 units for11.70 each 31 Inventory on hand-3,700 units Exercise 8-14 Part 3 3. Determine the inventory balance Altira would report in its August 31,2018, balance sheet and the cost of goods sold twould report in its August 2018 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places #ofl Cost Ending per inventory # of Aug.Cost Cost of Cost inventory units per per Value sold units in # of units unit verage unit Sold ending per Purchase- 14 5,400 Sale Purchase 18 3,700 t 25 Sale Total