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 : Auguit 1 Inventory on hand-2,000 units; cost $5,30 each. August 8 Purchased 8,000 units for $5,50 each. August 14 sold 6,000 units for $12,00 each. August 28 purchased 6,000 units for $5.60-each. Auguet 25 sold 7,000 units for $11,00 each. August 28 Purchased 4,000 unite for $5.80 each. hugust 31 Inventory on hand-7,000 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. 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 : Auguit 1 Inventory on hand-2,000 units; cost $5,30 each. August 8 Purchased 8,000 units for $5,50 each. August 14 sold 6,000 units for $12,00 each. August 28 purchased 6,000 units for $5.60-each. Auguet 25 sold 7,000 units for $11,00 each. August 28 Purchased 4,000 unite for $5.80 each. hugust 31 Inventory on hand-7,000 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