[The following information applies to the questions displayed below] Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory op hand-3,700 units cost $7.80 each B Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for 56.40 each 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-10,400 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.)