Altira Corporation provides the following information related to its inventory during the month of August 2024

August 1	Inventory on hand5,800 units; cost $7.20 each.
August 8	Purchased 23,200 units for $7.40 each.
August 14	Sold 17,400 units for $13.90 each.
August 18	Purchased 17,400 units for $7.50 each.
August 25	Sold 20,300 units for $12.90 each.
August 28	Purchased 11,600 units for $7.70 each.
August 31	Inventory on hand20,300 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.

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{ IFO } & \multicolumn{4}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Periodic LIFO } & \multicolumn{4}{|c|}{ Ending Inventory - Periodic LIFO } \\ \hline & \begin{tabular}{c} Number of \\ units \end{tabular} & \begin{tabular}{l} Cost \\ per \\ unit \end{tabular} & & \begin{tabular}{l} ods \\ Sale \end{tabular} & \begin{tabular}{l} Number of units \\ sold \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & \begin{tabular}{l} Cost of Goods \\ Sold \end{tabular} & \begin{tabular}{l} Number of units \\ in ending \\ inventory \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & & \begin{tabular}{l} ding \\ entory \end{tabular} \\ \hline Beginning Inventory & 5,800 & $7.20 & $ & 41,760 & 0 & $7.20 & $ & 5,800 & $7.20 & $ & 41,760 \\ \hline \multicolumn{12}{|l|}{ Purchases: } \\ \hline August 8 & 23,200 & $7.40 & & 171,680 & & $7.40 & & & $7.40 & & \\ \hline August 18 & 17,400 & $7.50 & & 130,500 & & $7.50 & & & $7.50 & & 0 \\ \hline August 28 & 11,600 & $7.70 & & 89,320 & & $7.70 & & & $7.70 & & 0 \\ \hline Total & 58,000 & & $ & 433,260 & 0 & & $ & 5,800 & & $ & 41,760 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Average Cost } & \multicolumn{3}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Average Cost } & \multicolumn{3}{|c|}{ Ending Inventory - Average Cost } \\ \hline & \begin{tabular}{c} Number of \\ units \end{tabular} & \begin{tabular}{l} Unit \\ Cost \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Available for \\ Sale \\ \end{tabular} & \begin{tabular}{c} Number of units \\ sold \end{tabular} & \begin{tabular}{c} Average Cost \\ per Unit \end{tabular} & \begin{tabular}{l} Cost of Goods \\ Sold \end{tabular} & \begin{tabular}{l} Number of \\ units in ending \\ inventory \end{tabular} & \begin{tabular}{c} Average \\ Cost per \\ unit \\ \end{tabular} & \begin{tabular}{l} Ending \\ Inventory \end{tabular} \\ \hline Beginning Inventory & 5,800 & $7.20 & 41,760 & & & & & & \\ \hline \multicolumn{4}{|l|}{ Purchases: } & & & & & & \\ \hline August 8 & 23,200 & $7.40 & 171,680 & & & & & & \\ \hline August 18 & 17,400 & $7.50 & 130,500 & & & & & & \\ \hline August 28 & 11,600 & $7.70 & 89,320 & & & & & & \\ \hline Total & 58,000 & & 433,260 & & & $ & & & $ \\ \hline \end{tabular} method