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Required information

Exercise $8-14($Algo$)$ Inventory cost flow methods; perpetual system $[$LO$8-1,8-4]$

$[$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$-3\mathrm{.}300$ units; cost $$7\mathrm{.}40$ each.

August $8$ Purchased $16,500$ units for $$6\mathrm{.}80$ each.

August $14$ Sold $13,200$ units for $$13\mathrm{.}30$ each.

August $18$ Purchased $9,900$ units for $$6\mathrm{.}20$ each.

August $25$ Sold $12\mathrm{.}200$ units for $$12\mathrm{.}30$ each.

August $28$ Purchased $5,300$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand $-9,600$ units.

Exercise $8-14($Algo$)$ Part $2$

$2.$ 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.

Answer is not complete.

$\backslash$table$[[$Perpetual Average,Inventory on hand,Cost of Goods Sold,Inventory Balance$],[\backslash$table$[[$Number$],[$of units$]],\backslash$table$[[$Cost$],[$per$],[$unit$]],\backslash$table$[[$Inventory$],[$Value$]],\backslash$table$[[$Number$],[$of units$],[$sold$]],\backslash$table$[[$Average$],[$Cost$],[$per unit$]],\backslash$table$[[$Cost of$],[$Goods$],[$Sold$]],\backslash$table$[[$Number$],[$of units$],[$in$],[$inventory$]],\backslash$table$[[$Cost$],[$per$],[$unit$]],,],[$Beginning Inventory,$3,300,$$$7\mathrm{.}40,524,420,,,,,,,],[$Purchase $-$ August $8,16,500,$$$6\mathrm{.}80,112,200,,,,,,,],[,,,,,,0,,s,0],[$Sale $-$ August $14,,,,13,200,,,,,,],[$Purchase $-$ August $18,9\mathrm{.}900,$$$6\mathrm{.}200,61,380,,,,,,,],[,,,,,,0,,s,0],[$Sale $-$ August $25,,,,12,200,,,,,,],[$Purchase $-$ August $28,5,300,$$$5\mathrm{.}800,30,740,,,,,,,],[$Total$,35,000,,$$ $228,740,,,$$$,0,,s,0]]$