Altira Corporation provides the following information related to its inventory during the month of August 2024 : August 1 Inventory on hand-4, 600 units; cost$6.30 each. August 8 Purchased 16,600 units for $6.50 each. August 14 5old 12,090 units for $13,00 each. August 18 Purchased 12,000 units for $6.69 each. August 25 5old 14 , ege units for 512.00 each. August. 28 Purchased 8,009 units for $6.89 each. August 31 imventory on hand-14, 000 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Determine the itiventory balance Altra would report in its August 31,2024 , balance sheet and the cost of goods sold it would report in its August 2024 income st. cost method. Notes Round "Average Cost per Unit" to 2 dedimal places