of 2 ook int int ences Required information [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-2,000 units; cost $5.30 each. August 8 Purchased 8,000 units for $5.50 each. August 14 Sold 6,000 units for $12.00 each. August 18 Purchased 6,000 units for $5.60 each. August 25 Sold 7,000 units for $11.00 each. August 28 Purchased 4,000 units for $5.80 each. August 31 Inventory on hand-7,000 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. Perpetual Average Beginning Inventory Purchase-August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total Inventory on hand Cost per unit Number of units 2,000 $ 5.30 8,000 $ 5.50 6,000 $ 5.60 4,000 20,000 $ 5.80 Inventory Value $ $ 10,600 44,000 33,600 23,200 111,400 Cost of Goods Sold Average Cost per unit Number of units sold 6,000 7,000 $ Cost of Goods Sold 5.46 $ 32,760 $ 32,760 Inventory Balance Cost per unit Number of units in inventory 0 0 0 Ending inventory $ $ $ 0 0 0

Required information [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, 000 units; cost $5.30 each. August 8 Purchased 8,000 units for 55.50 each. August 14 Sold 6, eeo units for $12. e0 each. August 18 Purchased 6,000 units for $5.60 each: August 25 sold 7, eee units for $11, 00 each. August 28 purchased 4 , eee units for $5.80 each. August 31 Inventory on hand-7, eee 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