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\mathrm{.}90$ each.

August $8$ Purchased $12,800$ units for $$6\mathrm{.}10$ each.

August $14$ Sold $9,600$ units for $$12\mathrm{.}60$ each.

August $18$ Purchased $9,600$ units for $$6\mathrm{.}20$ each.

August $25$ Sold $11,200$ units for $$11\mathrm{.}60$ each.

August $28$ Purchased $6,400$ units for $$6\mathrm{.}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 $31,202$ balance sheet and the cost of goods sold it would report in its August $2024$ income statement using each of the following cost flov methods.

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FIFO 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 it LIFO method.

$\backslash$table$[[$LIFO$,$Cost of Goods Available for Sale,Cost of Goods Sold $-$ Periodic LIFO,Ending Inventory $-$ Peri$],[\backslash$table$[[$Number of$],[$units$]],\backslash$table$[[$Cost$],[$per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for Sale$]],\backslash$table$[[$Number of units$],[$sold$]],\backslash$table$[[$Cost$],[$per unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],\backslash$table$[[$Number of units$],[$in ending$],[$inventory$]],\backslash$table$[[$Cost$],[$per unit$]]],[$Beginning Inventory,$3,200,$$$5\mathrm{.}90,18,880,,$$$5\mathrm{.}90,$$$,,$$$5\mathrm{.}90$