[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 Inventary on hand 3,500 units; cost $7,60 each. August 8 Purchased 17,5e units for 57,00 each. August 14 sold 14,090 units for $13.50 each. August 18 Purchased 10,5e0 units for $6.80 each. August 25 sold 13 , 90 units for $12,50 each. August 28 Purchased 5,500 units for $5.80 each. August 31 Inventory on hand-1e, 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 "Average Cost per Unit" to 2 decimal places. [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 Inventary on hand 3,500 units; cost $7,60 each. August 8 Purchased 17,5e units for 57,00 each. August 14 sold 14,090 units for $13.50 each. August 18 Purchased 10,5e0 units for $6.80 each. August 25 sold 13 , 90 units for $12,50 each. August 28 Purchased 5,500 units for $5.80 each. August 31 Inventory on hand-1e, 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 "Average Cost per Unit" to 2 decimal places