Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,200 units; cost $5.90 each. August 8 Purchased 12,800 units for $6.10 each. August 14 Sold 9,600 units for $12.60 each. August 18 Purchased 9,600 units for $6.20 each. August 25 Sold 11,200 units for $11.60 each. August 28 Purchased 6,400 units for $6.40 each. August 31 Inventory on hand-11,200 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. 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. Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Average Cost Cost of Goods Number of units Unit Cost Number of units Available for Sale sold Average Cost Cost of Goods per Unit Sold Ending Inventory - Average Cost Number of units in ending inventory Average Cost per unit Ending Inventory Beginning Inventory 3,200 $ 5.90 $ 18,880 Purchases: August 8 12,800 $6.10 78,080 August 18 9,600 $ 6.20 59,520 August 28 6,400 $ 6.40 40,960 Total 32,000 197,440 < LIFO Average Cost > 0