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 Cost Inventory units per Value unit 4,000 $ 8.10$ 32,400 20,000 $ 7.50 150,000 Beginning Inventory Purchase - August 8 Answer is complete but not entirely correct. Cost of Goods Sold Inventory Balance # of Avg.Cost Cost of # of units Cost units in Goods per Ending per unit sold Sold inventory unit inventory 4,000 $ 8.10 $ 32,400 20,000 $ 7.50 $ 150,000 24,000 $ 182,400 16,000 $ 14.00 $ 224,000 8,000 $14.00 $ 112,000 12,000 $ 7.00 $ 84,000 20,000 $ 196,000 15,000 $ 13.00 195,000 5,000 $13.00 $ 65,000 6,000 $ 5.80 $ 34,800 $ 419,000 11,000 $ 99,800 Sale - August 14 Purchase - August 18 12,000 $ 7.00 84,000 Sale - August 25 Purchase - August 28 $ 5.80 6,000 42,000 34,800 $ 301,200 Total 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 Cost Inventory units per Value unit 4,000 $ 8.10$ 32,400 20,000 $ 7.50 150,000 Beginning Inventory Purchase - August 8 Answer is complete but not entirely correct. Cost of Goods Sold Inventory Balance # of Avg.Cost Cost of # of units Cost units in Goods per Ending per unit sold Sold inventory unit inventory 4,000 $ 8.10 $ 32,400 20,000 $ 7.50 $ 150,000 24,000 $ 182,400 16,000 $ 14.00 $ 224,000 8,000 $14.00 $ 112,000 12,000 $ 7.00 $ 84,000 20,000 $ 196,000 15,000 $ 13.00 195,000 5,000 $13.00 $ 65,000 6,000 $ 5.80 $ 34,800 $ 419,000 11,000 $ 99,800 Sale - August 14 Purchase - August 18 12,000 $ 7.00 84,000 Sale - August 25 Purchase - August 28 $ 5.80 6,000 42,000 34,800 $ 301,200 Total