Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand4,600 units; cost $6.60 each. August 8 Purchased 18,400 units for $6.80 each. August 14 Sold 13,800 units for $13.30 each. August 18 Purchased 13,800 units for $6.90 each. August 25 Sold 16,100 units for $12.30 each. August 28 Purchased 9,200 units for $7.10 each. August 31 Inventory on hand16,100 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.

1. 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.

2. 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.

3. 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.