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Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system (LO8-1, 8-4] [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 Aug.1 Inventory on hand-3,900 units; cost $8.ee each. 8 Purchased 19,500 units for $7.40 each 14 Sold 15,600 units for $13.99 each. 18 Purchased 11,700 units for $6.60 each. 25 Sold 14,600 units for $12.99 each. 28 Purchased 5,900 units for $5.50 each. 31 Inventory on hand-10,800 units. Check my Required information 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.) Cost of Goods Sold Perpetual Average Inventory on hand Cost per Inventory #of units unit Value of units Avg.Cost sold per unit Cost of Goods Sold Inventory Balance #of units in Cost per Ending inventory unit inventory Beginning Inventory Purchase - August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total