! 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-3,988 units; cost $8.00 each. & Purchased 19,500 units for $7.40 each. Sold 15,600 units for $13.99 each. Purchased 11,700 units for $6.60 each. 25 Sold 14,60 units for $12.99 each 28 Purchased 5,9ee units for $5.se each. 31 Inventory on hand-18.880 units. 14 18 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 unit Inventory Value # of units Avg.Cost sold per unit Cost of Goods Sold # of units in Cost per inventory unit Ending inventory Beginning Inventory Purchase - August 8 3,900 $ 8.00 $ 19,500 $ 7.40 31,200 144,300 0 $ 0 15,600 $ 7.50 $ 117,000 Sale - August 14 Purchase - August 18 11,700 $ 6.60 77.220 0 $ 0 14,600 Sale - August 25 Purchase - August 28 Total 5,900 $ 5.80 41,000 34,220 $ 286,940 $ 117,000 0 $ 0