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,eee units for $5.50 each. 14 Sold 6,000 units for $12.ee 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 55.80 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 Perpetual Average of units Cost per unit Inventory Value of units Ava.Cost Sold per unit Cost of Goods Sold Inventory Balance Hof units in Cost per Ending ending inventory unit inventory Beginning Inventory Purchase - August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total