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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 $-4,000$ units; cost $$8\mathrm{.}10$ each.

August $8$ Purchased $20,000$ units for $$7\mathrm{.}50$ each.

August $14$ Sold $16,000$ units for $$14\mathrm{.}00$ each.

August $18$ Purchased $12,000$ units for $$7\mathrm{.}00$ each.

August $25$ sold $15,000$ units for $$13\mathrm{.}00$ each.

August $28$ Purchased $6,600$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$-11,000$ 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.

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