Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,400 units; cost $6.00 each. August 8 Purchased 13,600 units for $6.20 each. August 14 Sold 10,200 units for $12.70 each. August 18 Purchased 10,200 units for $6.30 each. August 25 Sold 11,900 units for $11.70 each. August 28 Purchased 6,800 units for $6.50 each. August 31 Inventory on hand-11,900 units. Required: Using calculations based on a periodic 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 each of the following cost flow methods. Complete this question by entering your answers in the tabs below. LIFO Average Cost 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 FIFO method. Cost of Goods Available for Sale FIFO Number of units Beginning Inventory Cost per unit 3,400 $6.00 Cost of Goods Available for Sale Number of units sold Cost of Goods Sold - Periodic FIFO Cost per unit Ending Inventory - Periodic FIFO Cost of Goods Sold Number of units in ending inventory Cost per unit Ending Inventory $ 20,400 3,400 $6.00 $ 20,400 0 $6.00 $ Purchases August 8 13,600 $6.20 84,320 13,600 $6.20 August 18 10,200 $6.30 64,260 10,200 $630 84,320 64.260 0$6.20 5.100 $6.30 0 August 28 6,800 $6.50 44.200 0 $ 6.50 6,800 $6.50) 32,130 44,200 Total 34,000 $ 213,180 27.200 $ 168.980 11,900 $ 76,330) FIFO LIFO > methods. Complete this question by entering your answers in the tabs below. FIFO Jo Average Cost using each of the following cost flow 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 LIFO method. Cost of Goods Available for Sale Cost of Goods Sold-Periodic LIFO Ending Inventory-Periodic LIFO LIFO Cost Number of units per unit Cost of Goods Available for Sale Number of units sold Cost per unit Cost of Goode Sold Number of units Cost Ending in ending Inventory per unit Inventory Beginning Inventory 3,400 $6.00 $ 20,400 $6.00 $ $6.00 Purchases: August 8 13,600 $6.20 84,320 $6.20 August 181 10,200 $6.30 64,260 $6.30 August 28 6,000 $6.50 44,200 $6.50 Total 34,000 $ 213,180 $ $6.20 $6.30 0 $6.50 0 0 0 $ 0 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, 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. Average Cost Cost of Goods Available for Sale i Number of units Cost of Goods Sold - Average Cost Unit Cost Cost of Goods Available for Sale Number of units Average Cost Cost of Goods sold per Unit Sold units in ending Cost per Ending Inventory - Average Cost Number of Average Ending Inventory Inventory unit Beginning Inventory 3,400 $6.00 $ 20,400 Purchases August 8 13,600 $6.20 84,320 August 18 10,200 $6.30 64,260 August 28 6,800 $6.50 44,200 Total 34,000 $ 213,180