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-2,40e units; cost $6.50 each. August of Purchased 12,000 units for $5.90 each. August 14 5old 9,600 units for $12.40 each. August 18 Purchased 7,200 units for $5.49 each. August 25 Sold 3,600 units for $11,40 each. August 28 Purchased 4,400 units for $5.80 each. August 31 Inventory on hand-7,80e 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