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$-2,300$ units; cost $$6\mathrm{.}40$ each.

August $8$ Purchased $11,590$ units for $$5\mathrm{.}80$ each.

August $14$ Sold $9,200$ units for $$12\mathrm{.}30$ each.

August $18$ Purchased $6,900$ units for $$5\mathrm{.}00$ each.

August $25$ Sold $8,200$ units for $$11\mathrm{.}30$ each.

August $28$ Purchased $4,300$ units for $$5\mathrm{.}80$ each.

August $31$ Inventory on hand$-7,6$e$0$ units.

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 Unlt" to $2$ decimal places.

Answer is complete but not entirely correct.