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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-3,980 units; cost $8.00 each. 8 Purchased 19,500 units for $7.40 each. 14 Sold 15,680 units for $13.99 each. 18 Purchased 11,700 units for $6.60 each 25 Sold 14.600 units for $12.99 each. 28 Purchased 5,900 units for $5.50 each. 31 Inventory on hand-10,300 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.) 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 Goods Sold Inventory Balance #of units in Cost per Ending Inventory unit Inventory per unit Beginning Inventory Purchase - August 8 $ 0 Salo - August 14 Purchase - August 18 0 S Sale - August 25 Purchase - August 28 Total $ 0 $ 0 0 5 0

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