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Check my work 0 Required Information Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018: Aug.1 Inventory on hand-2,800 unita cost $6.90 each. 8 Purchased 14,000 units for $6.30 each. 14 Sold 11,200 units for $12.80 each. 18 Purchased 8,400 units for $5.80 each. 25 Sold 10,200 units for $11.80 each. 31 Inventory on hand-3,800 units. 3. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 declmal places.) Inventory on hand Cost of Goods Sold Inventory Balance cost per unit Perpetua!Average # of units in inventory |#of units AvgCost Cost of Ending inventory # of units cost per unit per unit Goods Soldending inventory Beginning Inventory Purchase- August 8 2,800 $ 6.90$ 19,320 14,000 6.30 2,800 s 6S 19,320 88,200 KPrex6 of 9Next> MacBook Pro Return to question 3. Determine the Inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 Income statement using the Average cost method. (Round "Average Cost per Unlt to 2 declmal places.) 8 Answer is not complete Inventory Balance Inventory on hand of Goods Sold ost of Avg.Cost Goods in ending perInventory Value units AvgCost Cost of Value sold Cost inventoryunits per Perpetual-Average # of perEnding units sold -per unit | Soldinventory unit 2,800S 6.90 S Beginning Inventory 2,800 Sale- August 14 18 690S 19.320 19,320 Purchase August 8 14,000 $ 6.30 88.200 Purchase . August 18,400S580 48,720 11,200 6.40 71,680 $ 6.40 35,840 0.200 S 60461,608 22,952 Sale - August 25 3,800 6 $ 156,240 21.400 1332883,800s 604S 22.962 25,200 Total Prex Next MacBook Pro

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