Saved The following information applies to the questions displayed below! Altra Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-2,900 units; cost $7.ee each 8 Purchased 14,500 units for $6.40 each. 14 Sold 11,600 units for $12.99 each. 18 Purchased 8,700 units for $6.00 each. 25 Sold 10,600 units for $11.90 each. 28 Purchased 4,900 units for $5.50 each. 31 Inventory on hand-5, 800 units. 2. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the average cost method (Round "Average Cost per Unit" to 2 decimal places.) Inventory on hand Perpetual Average Cost of Goods Sold # of units Co Cost per unit Inventory Value of units Avg.Cost Cost of Inventory Balance of units in ending Cost per Ending inventory wnit inventory per unit Goods Sold Beginning Inventory Purchase - August 8 Sale - August 14 Purchase - August 18 Sale August 25 Purchase - August 23 Total 11