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) Alira Corporation provides the following Information related to its merchandise Inventory during the month of August 2027 Aug.1 Inventory on hand-2,700 units; cost $6.80 8 Purchased 13,500 units for $6.20 each. 14 Sold 10,800 units for $12.70 each. 18 Purchased 8, 100 units for $5.60 each. 25 Sold 9,880 units for $11.70 each. 28 Purchased 4,700 units for $5.80 each. 31 Inventory on hand-8,400 units. each. Exercise 8-14 (Algo) Part 2 2. Using calculations based on a perpetual inventory system, determine the inventory balance Aitira would report in 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) Perpetual Average Inventory on hand #of Cost Inventory units per Value unit Cost of Goods Sold Inventory Balance #of Cost of of units Cost units Avg.Cost Goods in Ending per unit per sold Sold Inventory unit inventory Beginning Inventory Purchase - August 8 0 $ 0 Sale - August 14 Purchase. August 18 $ 0 Sale - August 25 Purchase - August 28 Total 0 $ 5 0 0 $ 0