of 2 Book Hint [The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,600 units; cost $6.70 each. August 8 Purchased 13,000 units for $6.10 each. August 14 Sold 10,400 units for $12.60 each. August 18 Purchased 7,800 units for $5.60 each. August 25 Sold 9,400 units for $11.60 each. August 28 Purchased 4,600 units for $5.80 each. August 31 Inventory on hand-8,200 units. 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. Inventory on hand Cost of Goods Sold Perpetual Average Pri Number of units Cost per unit Inventory Value Number of units sold Average Cost per unit Cost of Goods Sold Number of units in inventory, Inventory Balance Cost per unit Ending Inventory Beginning Inventory 2,600 ferences Purchase August 8 $ O Sale-August 14 Purchase-August 18 Sale-August 25 Purchase August 28 Total 2.600 $ 0 S 0 0 $ $ 0