Aperson sells cycle at 8% loss had he sold it for 240 more he would have gained 12% find cost price and selling price

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.)