Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,300 units; cost $5.60 each. & Purchased 11,500 units for $5.00 each. 14 Sold 9,200 units for $12.30 each. 18 Purchased 6,900 units for $5.90 each. 25 Sold 8,200 units for $11.30 each. 28 Purchased 4,300 units for $5.00 each. 31 Inventory on hand-7,600 units. Required: Using calculations based on a periodic inventory system, determine the Inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost flow methods. X Answer is not complete. 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, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method. (Round "Cost per Unit" to 2 decimal places.) FIFO Cost of Goods Available for Sale Cost # of units Cost of Goods per unit Available for Sale 2.300 S5.60 S 12,880 Cost of Goods Sold - Periodic FIFO # of units Cost Cost of sold per Goods Sold unit 2,300 $5.60 S 12,880 Ending Inventory - Periodic FIFO Cost # of units in ending per inventory unit Inventory 0 $5.60 $ 0 Ending 11,500 66,700 0 Beginning Inventory Purchases: August 8 August 18 August 28 Total $5.80 $5.90 6,900 $5.80 3,600 $5.90 40,020 21,240 $5.80 $5.90 6,900 $5.80 40,710 24,940 145,230 0 4,300 25,000 $5.80 S 12,800 $ 74.140 0 $ 0 FIFO LIFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO LIFO # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold Ending Inventory - Periodic LIFO # of units in Cost Ending ending per Inventory inventory unit $ 5.60 2,300 $ 5.60 $ 12,880 $ 5.60 $ 0 Beginning Inventory Purchases: $ 5.80 $ 5.80 0 $ 5.80 August 8 August 18 August 28 $ 5.90 $ 5.90 $5.90 0 11,500 6,900 4,300 25,000 66,700 40,710 24,940 145,230 $ 5.80 $ 5.80 0 Total $ $ 0 0 $ 0 FIFO LIFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the Aver cost method. (Round "Average Cost per Unit" to 2 decimal places.) Average Cost Cost of Goods Available for Sale Cost of Unit # of units Goods Cost Available for Sale 2,300 $5.60 $ 12,880 Cost of Goods Sold - Average Cost Average Cost of Goods # # of units sold Cost per Sold Unit Ending Inventory - Average Cost # of units in Average Ending ending Cost per Inventory inventory unit 11,500 Beginning Inventory Purchases: August 8 August 18 August 28 Total 6,900 4,300 $5.80 $5.90 $5.80 66,700 40,710 24.940 25.000 $ 145.230 17.400$ 83,541.00 $1,453,613,400 7,600 $ 44.289.00 $ 336,598,400