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 inventory during the month of August 2024: August 1 Inventory on hand-2,200 units; cost $6.30 each. August 8 Purchased 11,000 units for $5.70 each. August 14 Sold 8,800 units for $12.20 each. August 18 Purchased 6,600 units for $5.20 each. August 25 Sold 7,800 units for $11.20 each. August 28 Purchased 4,200 units for $5.80 each. August 31 Inventory on hand-7,400 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. Perpetual Average Beginning Inventory Purchase-August 8 Sale - August 14 Purchase - August 18 Sale - August 25 Purchase - August 28 Total Inventory on hand Cost per unit Number of units Inventory Value Cost of Goods Sold Average Cost per unit Number of units sold Cost of Goods Sold $ 0 Inventory Balance Cost per unit Number of units in inventory 0 0 0 Ending inventory $ $ $ 0 0 0

Required information Exercise 8-14 (Algo) Inventory cost flow methods; perpetual system [LO8-1, 8-4] [The following information applios to the questions displayed below] Altra Corporation provides the following information felated to its inventory during the month of August 2024: August 1 Inventory on hand-2,200 units; cost $6.30 each. August 8 Purchased 11 , eee units for $5.70 each. August 14 sold 8,800 units for $12,20 each. August 18 Purchased 6 , 6ee units for $5.20 each. August 25 sold 7,800 units for sil.20 each. August 28 Purchased 4,200 units for $5.80 each. August 31 Inventory on hand 7,4e9 units. Exercise 8-14 (Algo) Part 2 2. Using caleulations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 3t, 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