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->,700 units; cost $7.80 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for 513.70 each. 18 Purchased 11,100 units for $6.40 each. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-19,400 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.) Pernottal Avocage Inventory on hand Inventory unit Value Cost of Goods Sold # of units Avg.Cost Cost of sold Goods Sold Inventory Balance # of units in Cost per Ending Inventory unit Inventory # of units Cost per per unit Beginning Inventory Purchase-August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total