[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, 2ee units; cost $7.30 each. August 8 Purchased 16,000 units for $6.70 each. August 14 sold 12,800 units for $13.20 each. August 18 Purchased 9,600 units for $6.20 each. August 25 sold 11,300 units for $12.20 each. August 28 Purchased 5,260 units for $5,80 each. August 31 Inventory on hand-9,40e 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