! Required information [The following information applies to the questions displayed below.] Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 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, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places.) Inventory on hand Cost of Goods Sold Inventory Balance Perpetual Average # of units Cost per Inventory unit Value # of units sold Avg.Cost per unit Cost of Goods Sold # of units in Cost per inventory unit Ending inventory Beginning Inventory Purchase August 8 2,000 $ 5.30 $ 10,600 2,000 $ 5.30 $ 10,600 8,000 $ 5.50 44,000 2,000 $ 10,600 Sale - August 14 13,000 $ 5.57 $ 72,410 Purchase August 18 6,000 $5.60 33,600 0 $ 0 Sale - August 25 13,000 $ 5.80 75,400 Purchase - August 28 4,000 $5.80 Total 20,000 23.200 $ 111,400 $ 147,810 0 $ 0