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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, 188 units; cost $6.20 each. 8 Purchased 10,500 units for $5.60 each. 14 Sold 8,488 units for $12.10 each. 18 Purchased 6,300 units for $5.40 each. 25 Sold 7,400 units for $11.10 each. 28 Purchased 4,188 units for $5.88 each. 31 Inventory on hand-7,200 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.) 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.) -2 Perpetual Average Inventory on hand of Cost Inventory per units unit 2,100 $ 620S 13.020 10,500S 5.50 58.800 Value Beginning inventory Purchase August 8 Answer is complete but not entirely correct. Cost of Goods Sold Inventory Balance of Cost of # of units Cost Avg.Cost units Goods in Ending per sold per unit Sold inventory unit inventory 2,100S 6.20 $ 13,020 10.500 $ 560 $ 58,800 12,600 $ 71,820 8.400S 5.70S 47.880 4.200 $ 5.70 $ 23,940 5,300 $ 5.40 $ 34 020 10,500 $ 57,960 7,400S 5.50 41.440 3,100 $ 5.00 $ 17,360 4100 S 580 $ 23.780 $89.320 7.200 $ 41,140 Sale - August 14 Purchase - August 18 6,300 $ 5.40 34.020 Sale - August 25 Purchase - August 28 Total 4.100 $ 5.80 23,000 23.780 $ 129.620