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-5,000 units cost 17.10 each & Purchased t5,000 units for $6.50 each 14 Sold 12,000 units for $11.00 each 1 Purchased 9.00 bits for $6.00 each 25 Sold 11,000 units for 512.00 each 20 Purchased 5,000 units for $5.00 each 11 Inventory on hand-,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.) Cost of Goods Sold wory Balance of units in Cost per Ending Inventory inventory Iwery Value of Coster Contol Goods Sold of Avg Cost sodd uni Beginning inventory Purchase Augusto $ 0 Sale August 14 Purchase 18 $ 0 Sale At 25 Pwcase August 20 5