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 $6.40 each. August & Purchased 11,500 units for $5.80 each. August 14 Sold 9,200 units for $12.30 each. August 18 Purchased 6,900 units for $5.00 each. August 25 Sold 8,200 units for $11.30 each. August 28 Purchased 4,300 units for $5.80 each. August 31 Inventory on hand-7,600 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 Answer is not complete. Cost of Goods Sold Inventory Balance Perpetual Average Number of units Cost per unit Inventory Value Number of units sold Average Cost per unit Number Cost of Goods Sold of units in Cost per unit Ending inventory inventory Beginning Inventory 2,300 $640 S 14,720 11,500 $580 66,700 Purchase August 8 0 4,600 $580 $ 26.680 4,600 $ 26,680 Sale-August 14 9,200 5 6.10 $ 56,120 1S 6.10 S 6 6,900 $500 Purchase-August 18 34,500 Sale-August 25 6 8,200 $ 5.75 47,150 Purchase-August 28 Total 4,300 $580 25,000 24,940 $ 140,860 $103.270