Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,800 units; cost $6.20 each. August 8 Purchased 15,200 units for $6.40 each. August 14 Sold 11,400 units for $12.90 each. August 18 Purchased 11,400 units for $6.50 each. August 25 Sold 13,300 units for $11.90 each. August 28 Purchased 7,600 units for $6.70 each. August 31 Inventory on hand-13,300 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. 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 LIFO method. Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO LIFO Cost Number of units per unit Cost of Goods Available for Sale Number of units sold Cost per unit Cost of Goods Ending Inventory - Periodic LIFO Number of units Cost Sold in ending Ending inventory per unit Inventory Beginning Inventory 3,800 $6.20 $ 23,560 $ 6.20 $ 0 $ 6.20 Purchases: August 8 15,200 $6.40 97,280 August 18 11,400 $6.50 74,100 August 28 7,600 $6.70 50,920 Total 38,000 $ 245,860 $ 6.40 $ 6.50 $ 6.70 0 $ $ 6.40 $ 6.50 0 $ 6.70 0 0 0 $ 0 < FIFO Average Cost >