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-2,900 units; cost $7.00 each. 8 Purchased 14,500 units for $6.40 each. 14 Sold 11,600 units for $12.99 each. 18 Purchased 8,700 units for $6.00 each. 25 Sold 10,600 units for $11.90 each. 28 Purchased 4,900 units for $5.80 each. 31 Inventory on hand-8, 800 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 meth (Round "Average Cost per Unit" to 2 decimal places.) Inventory on hand Perpetual Average Inver Inventory Value Cost of Goods Sold # of units Avg.Cost Cost of sold per unit Goods Sold # of units Cost per Inventory Balance # of units in ending Cost per Ending unit inventory inventory 2,900 $ 7.00 $ 20,300 14,500 $ 6.40 $ 92,800 17,400 $ 113,100 unit $ 7.00 $ 6.40 $ Beginning Inventory Purchase - August 8 20,300 2,900 14,500 92,800 11,600 Sale - August 14 Purchase - August 18 8,700 $ 6.00 52,200 $ 6.00 8,700 8,700 $ $ 52,200 52,200 10,600 Sale - August 25 Purchase - August 28 Total $ 5.80 4,900 31,000 28,420 193,720 $ 0