its merchandise inventory during the month of August 2016: Augt Inventory on hand-3,700 units; cost 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each 18 Purchased 11,100 units for $6.40 each. 25 Sold 13,800 units for $12.70 each. 31 Inventory on hand-4,700 units. Required: Determine the inventory balance Altira would report in its August 31, 2016, balance sheet and the cost of goods sold it would report in its August 2016 income statement using each of the following cost flow methods: (Round "Average Cost per Unit" to 2 decimal places.) Cost of Goods A for Sale Cost of Goods Sold- August 14 Cost of Goods | #of Perpetual FIFO Cost of Goods Sold - August 25 #of cost per Goods. I units unit Available for Available for units Cost per Cost of unit Goods Sold sold | 1, of units | Cost per | | # of units | Sale unit Goods Sold in ending Cost of Cost per Ending 3,700 s 7.80 $ 28,860 3,700 S 7.0 unit Inventory 28860 OS 7.80 $ August 8 0 $ 780S 18,500 11,100 7.20 133.200 71,040 S 233,100 3,700 7.20 6.40 7.20 6.40 6.40 7.20 6.40