The Bureau of Labor and Statistics (2018) reports that the average earner with a high school diploma will earn about $35,000 per year, an earner with a bachelor's degree will earn about $59,000 per year. The average salary of the high school graduate is what percent of the college graduate?

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.)