work i Saved Altira Corporation provides the following information related to its merchandise in Aug.1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7,000 units. 8 Homework The more Help Save & Exit Submit methods. Check my work Complete this question by entering your answers in the tabs below. FIFO LIFO Average 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 statement using the average cost method. (Round cost per unit to 2 decimal places.) Average Cost Cost of Goods Available for Sale . Unit Cost of Goods W of units Available for Sale 2,000 $ 5.30 $ 10,600 Cost of Goods Sold - Average Cost #of units Average Cost of sold Cost per Goode Sale Unit Ending Inventory - Average Cost # of units Average Average Ending in ending Cost per Inventory unit Inventory Beginning Inventory Purchases August 8 August 18 August 28 8,000 6,000 4,000 20,000 $ 5.50 $ 5.60 $ 5.80 44,000 33,600 23,200 111,400 Total