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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-3,40e units; cost \$7.50 each. August 8 Purchased 17 , 00 units for $6.90 each. August 14 Sold 13,6 units for $13.4 each. August 18 Purchased 1,20 units for $6.4 each. August 25 Sold 12,60 units for $12.40 each. August 28 Purchased 5,400 units for $5.80 each. August 31 Inventory on hand-9, 80 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 "Averege Cost per Unlt" to 2 declmal pleces