Required: 1. Ushig calculobons based on a perpetual inventory systern, 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 FFO method. 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-3,900 units; cost $8.00 each. August 8 Purchased 19,500 units for $7.40 each. August 14 sold 15,609 units for $13,90 each. August 18 Purchased 11,700 units for $6.60 each. Aupust 25 Sold 14,600 units for $12,90 eoch. August 28 Purchased 5,900 units for 55,80 eoch. August 31 Inventory on hand-10,8e9 units. 2 Using calculations based on a perpetual inventory system, determine the irventory balance Altira would report in its August 31 , 2024, bolance 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 Unlt" to 2 decimal places