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-3,100 units; cost $7.20 each. August 8 Purchased 15,500 units for $6.60 each. August 14 Sold 12,400 units for $13.10 each. August 18 Purchased 9,300 units for $5.80 each. August 25 Sold 11,400 units for $12.10 each. August 28 Purchased 5,100 units for $5.80 each. August 31 Inventory on hand-9,200 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. Inventory on hand Cost of Goods Sold Inventory Balance Perpetual Average Number Cost per Inventory of units unit Value Number of units sold Average Cost per unit Cost of Goods Sold Number of units in inventory Cost per unit Ending inventory Beginning Inventory 3,100 $ 7.20 $ 22,320 15,500 $ 6.60 3,100 S 7.20 S 22,320 102,300 15,500 S 6.60 S 102,300 18,600 $ 124,620 Purchase - August 8 Sale - August 14 12,400 9,300 $ 5.80 53,940 Purchase - August 18 Sale - August 25 11,400 Purchase - August 28 5,100 $ 5.80 29,580 Total 33,000 $ 208,140 9,300 S 5.80 S 53,940 9,300 S 53,940 5,100 S 5.80 S 29,580 $ 0 5.100 S 29,580