Required information [The following information applies to the questions displayed below] Atira Corporation provides the following information related to its inventory during the month of August 2024 : Aucuat the hurchased 13,000 unita for 36.10 each. August 14 sold 10,400 winte tor 312.60 each. Mogust is sold 9,400 whith for 911,60 eaeh. Mrgust 28 parchased 4,600 unita for $3.89 esch. Negurt 31 Inventory on hand-1,200 unita. Required: 1. 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 FFF method. 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 : Auguat 1 Inventory on hand-2,600 unite; cost $6.70 each. August 8 purchaned 13,000 unita for $6.10each. Augast 14 sold 10,400 unita for $12,60 each. Auguat 18 Purchased 7,800 units for $5.60 each. Nuguat 25 Sold 9,400 units for $11,60 each. Auguat 28 Purchased 4,600 units for $5,80 each. Auguat 31 Itventory 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 , 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