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 inventary during the month of August 2024 : August 1 Inventory on hand-2,2ea units; cost 56,3e each. August a Purchased 11, eee units for \$5.70 each. August 14 Sold 8 , 8ae units for $17,20 each. Rugust 18 Purchased 6 , Gea units for $5.20 each. August 25 Sold 7,800 units for $11.20 each. August 2a Purcbased 4,200 units for 55.8se cach. Aogust 31 teventory on hand -7 , 4 ee 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