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-3,800 unitst cost $7.90 each. Aagust 8 Purchased 19,000 unite for $7,30 ench. August 14 sold 15,200 units for $13,80 each. Augunt 18 Purchased 11,400 units for $6,80 ench. Aagust 25 sold 14,200 units for $12.80 each. Aoqust 28 Purehased 5,800 units for $5.80 each. August 31 Inventory on hand-10,600 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