Exercise $8-14($Algo$)$ Inventory cost flow methods; perpetual system $[$LO$8-1,8-4]$

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Altira Corporation provides the following information related to its inventory during the month of August $2024$:

August $1$Inventory on hand$3,900$ units; cost $$8\mathrm{.}00$ each.August $8$Purchased $19,500$ units for $$7\mathrm{.}40$ each.August $14$Sold $15,600$ units for $$13\mathrm{.}90$ each.August $18$Purchased $11,700$ units for $$6\mathrm{.}60$ each.August $25$Sold $14,600$ units for $$12\mathrm{.}90$ each.August $28$Purchased $5,900$ units for $$5\mathrm{.}80$ each.August $31$Inventory on hand$10,800$ units.

Exercise $8-14($Algo$)$ Part $2$

$2.$ Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August $31,2024,$ balance sheet and the cost of goods sold it would report in its August $2024$ income statement using the Average cost method.

Note: Round "Average Cost per Unit" to $2$ decimal places.