21 Air Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. Tsventory on hand), 700 units cost 87.00 each. Pureland 1.500 tor 87.20 each 14 Sold 14,000 units for $13.70 aneh. 1 Purchased 11.100 ta for $7.30 ch. 25 sota 13,200 wita for $12.70 arch. 26 Parehanad 3,700 units for $5.60 sach. 31 Inventory on hand-10, 400 wita. Required: Using calculations based on a periodic Inventory system, determine the inventory balance Alire 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 each of the following cost how methods Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost 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 statem method. (Round "Cost per Unit" to 2 decimal places.) DEO Cost of Goods Available for Sale Cost of units Cast of Goods Available for sale Cost of Goods Sold Parlodie FIFO Cost #of units sold Cost of Goods per unit Sold per unit Ending Investiny. Podle FIFO of units in ending Cost Ending Inventory per un inventory $7.00 Beginning Inventory Purchases 3,700 $ 7.00 $ 25,900 $ 7.00 Ae o en 499 . Required: Using calculations based on a periodic Inventory system, determine the Inventory balance Altra 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 each of the following cost flow methods. Complete this question by entering your answers in the tata below. FIFO UFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in ta August 2021 Income method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goode Avaliable for sale Castel Goods Bold - Periodo EIRO Cost of units Cout of Goods Cost Cost of Goods of unitsin ending of units sold Coat Ending per une Available for Sale per unit Sald Inventory Beginning Inventory 3,700 $ 7.00 $ 25,000 $ 7.00 $7.00 Purchases: August 8 18,500 $ 7.20 133,200 $ 7.20 $7.20 August 18 11,100 $ 7.30 81,030 $ 7.30 $ 7.30 August 28 5,700 $ 5.80 33,060 5 5.80 Total 39,000 $ 273,190 LIFO complete this question by entering your answers in the tabs below. FIFO LIES Average Cost per 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 Ince LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Coat of Goods Sold Periodic LIFO Ending Inventory - Periodic LiFo LEO Cost #of units Cost of Goods Cost of units in Cost of Goods #of units sold Cost Available for Sale ending Ending unit Sold per unit Inventory per unit Inventory Beginning Inventory 3,700 $7.00 $ 25,900 $ 7.00 $7.00 Purchases: August 8 18,500 $ 7.20 133,200 $ 7.20 $ 7.20 August 18 11,100 $ 7.30 81,030 $ 7.30 $ 7.30 August 28 5,700 $ 5.80 33,050 $ 5.80 Total 39,000 S 273,190 FIFO Average Cont> 25 no Complete this question by entering your answers in the tabs below. FIFO LIFO Average cost 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 stater cost method. (Round "Average Cost per Unitto 2 decimal places.) Average Cout Cout at Goods Available for Sale Unit Cost of Goods #of units Coat Available for Sale 3.700 $ 7.00 $ 25.900 Cost of Bonds Dold Avenge Cost #of units sold Average Cost Cost of Goods Sold of units in ending Inventory E per Unit Cost per Beginning Inventory Purchases: August 8 August 18 August 28 Total - 18,500 $ 7.20 11,100 $ 7.30 5,700 $ 5.80 39,000 133,200 81,030 33,060 273,190 $ LIFO