please explain how to calculate average COGS

[The following information applies to the questions displayed below.] Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand 2,700 units; cost $6.80 each. Auqust 8 Purchased 13,500 units for $6.20 each. August 14 sold 10,800 units for $12.70 each. August 18 Purehased 8,100 units for $5.60 each. August 25 sold 9,800 unite for $11,70 each. August 28 Purchased 4,700 units for $5.80 each. August 31 Inventory on hand 8,400 units. 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 methoc Note: Round "Average Cost per Unit" to 2 decimal places