Ch 8 Exercises i Saved Help Save & Exit Submit Check my work 9 Required information 2 2 Part 2 of 2 [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: 10 points eBook 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. Hint Print References 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.) Inventory on hand Cost of Goods Sold Inventory Balance Perpetual Average Cost per # of units Inventory Value # of units Avg.Cost sold unit Cost of Goods Sold # of units in inventory Cost per unit Ending inventory per unit Beginning Inventory Purchase - August 8 9 Required information Part 2 of 2 2012 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.) 10 points Inventory on hand Cost of Goods Sold Inventory Balance Perpetual Average Cost per unit # of units Inventory Value # of units Avg.Cost sold per unit Cost of Goods Sold Cost per # of units in inventory Ending inventory unit eBook Beginning Inventory Purchase - August 8 Hint Print 0 $ 0 References Sale - August 14 Purchase - August 18 0 $ 0 Sale - August 25 Purchase - August 28 Total $ 0 $ 0 0 $ 0