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Required Information [The following information applies to the questions displayed below.) Altira Corporation provides the...

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Accounting

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Required Information [The following information applies to the questions displayed below.) Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021: Aug.1 Inventory on hand-),600 unito cost $7.70 each. 8 Purchased 18,000 units for $7.10 each. 14 Sold 14,400 units for $13.60 each. 18 Purchased 10,800 units for $6.60 each. 25 Sold 13, 400 units for $12.60 each. 28 Purchased 5,600 units for $5.00 each. 31 Inventory on hand-10,200 units. 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.) Perpetual Average Inventory on hand # of units Cost per Inventory unit Value cost of Goods Sold of units Avg.Cost Cost of sold per unit Goods Sold Inventory Balance of units in Cost per Ending ending unit Inventory Inventory Beginning Inventory Purchase - August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total

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