Required information [The following information applles 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 2,700 unita; cost $6.80 each. August \& Purchased 13,500 units for $6.20 each. August 14 sold 10,800 units for $12.70 each. Auguat 18 purchased 8,100 unita for $5.60 each. Auguet 25 sold 9,800 units for $11,70 oach. Auguat 28 Purchased 4,700 unita for $5,80 each. Auguet 31 Inventory on hand- 6,400 units. Required: 1. 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 FiFO method. Required: 1. Using caleulations 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 FiFO method. 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