Required information [The following information applies to the questions displayed below] Atira Corporation provides the following information refated to its inventory during the month of August 2024 : August 1 Imventory on hand-3, 060 units; cost 57.10 each. Lugust 8 Purchased 15,600 units fer 16,50 each. August 14 sold 12,090 untts for $13,00 each. August is Purchased 9,000 units for $5. 00 each. August 25 5old 11,000 units for $12.00 each. August 28 . Purchased 5 , 00e units for 5 . 5 . 00 each. August 31 Inventory on hand -9 , , eee units. Required: 1. Using caiculations based on a perpetual inventory system, determine the irventory bolance Alira would report in iss August 31 , 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using the FIFO 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 August 1 Inventory on hand-3, ee0 units; cost $7.10 each. August 8 Puechased 15,000 units for $6.50 each. August 14 sold 12 , 00e units for $13.00 each. August 18 Purchased 9,000 units for $6.00 each. August 25 sold 11,000 units for $12,00 each. August 25 Purchased 5 , 000 units for 55,80 each. August 31 Inventery on hand 9,000 units. 2. Using caiculations 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 "Averege Cost per Unit" to 2 decimal ploces