Week 7: Homework Saved 7 Part 2 of 2 Required Information [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 5 points Aug.1 Inventory on hand-2, 600 units; cost $6.70 each. 8 Purchased 13,882 units for $6.10 each. 14 Sold 10,480 units for $12.60 each. 18 Purchased 7,800 units for $5.60 each. 25 Sold 9,400 units for $11.60 each. 28 Purchased 4,688 units for $5.99 each. 31 Inventory on hand-8, 200 units. eBook Hint 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.) Print Cost of Goods Sold Inventory Balance Perpetual Average Inventory on hand Cost per Inventory # of units Value unit # of units Avg.Cost sold Cost of Goods Sold 1o # of units in Cost per inventory unit Ending inventory per unit References Beginning Inventory Purchase - August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total