Requlred 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-2,400 units; cost $6.50 each. August 8 Purchased 12 , 090 units for $5.90 each. August 14 sold 9,60 units for $12.40 each. August 18 Purchased 7,200 units for $5.40 each. August 25 Sold 8,60 units for $11.40 each. August 28 Purchased 4,460 units for $5.80 each. August 31 Inventory on hand 7,800 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 "Averege Cost per Unlt" to 2 declmal ploces