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-2,600 units; cost $6.70 each. & Purchased 13,000 units for $6.10 each. 14 Sold 10,400 units for $12.60 each. 18 Purchased 7,800 units for $5.60 each. 25 Sold 9,400 units for $11.60 each. 28 Purchased 4.600 units for $5.80 each. 31 Inventory on hand-8,200 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 Inventory on hand Inventory Balance of units in Cost per Ending Inventory Inventory of units Avg.Cost Cost of Goods Sold Perpetual Average Inventory Value Cost per unit sold of units per unit $ Beginning Inventory Purchase - August 8 $ 0 Sale - August 14 Purchase - August 18 5 0 Sale - August 25 Purchase - August 28