Need help on Part 2

Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system [LOB-1, B-4] (The following itformstion apples to the questions dirpisyed beilow] Alira Corporasion provides the following information related to es imentory duing the manth of August 2024: Exercise 8-14 (Algo) Part 1 Required: 1. Using calculations besed on a perpetusl inventory bytem, determine the invertory bolance Atira would report in its August 31, 2024. belance shoet and the cost of goods sold it wovid teport in its Augutt 2024 income statement uning the FIFO mechod Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system [LO8-1, 8-4] [The following information apples to the questions displayed below.] Altira Corporation provides the foliowing information related to its inventory during the month of August 2024 : August 1 Inventory on hand 3,900 units , cont $8.00 esch. Aagunt B Purchased 19,500 units far $7.40 each. huguat 14 gold 15,500 units for 513.90 eseh. August 1 furchased 11,700 anite for $5.60 ench. August 25 Gold 14,600 unite for $12.90 each. Auguet 28 Purchased 5,900 units for 55,80 esch. Augoat 31 Inventory on hand 10,800 unite. 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