Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Aug.1	Inventory on hand3,600 units; cost $6.90 each.
8	Purchased 18,000 units for $7.10 each.
14	Sold 14,400 units for $13.60 each.
18	Purchased 10,800 units for $7.20 each.
25	Sold 13,400 units for $12.60 each.
28	Purchased 5,600 units for $5.80 each.
31	Inventory on hand10,200 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.

FIFO	Cost of Goods Available for Sale			Cost of Goods Sold - Periodic FIFO			Ending Inventory - Periodic FIFO
	# of units	Cost per unit	Cost of Goods Available for Sale	# of units sold	Cost per unit	Cost of Goods Sold	# of units in ending inventory	Cost per unit	Ending Inventory
Beginning Inventory	3,600	$6.90	$24,840		$6.90			$6.90	$0
Purchases:
August 8	18,000	$7.10	127,800		$7.10			$7.10	0
August 18	10,800	$7.20	77,760		$7.20			$7.20
August 28	5,600	$5.80	32,480					$5.80
Total	38,000		$262,880	0		$0	0		$0

LIFO	Cost of Goods Available for Sale			Cost of Goods Sold - Periodic LIFO			Ending Inventory - Periodic LIFO
	# of units	Cost per unit	Cost of Goods Available for Sale	# of units sold	Cost per unit	Cost of Goods Sold	# of units in ending inventory	Cost per unit	Ending Inventory
Beginning Inventory	3,600	$6.90	$24,840		$6.90	$0	3,600	$6.90	$24,840
Purchases:
August 8	18,000	$7.10	127,800		$7.10			$7.10
August 18	10,800	$7.20	77,760	10,800	$7.20	77,760		$7.20	0
August 28	5,600	$5.80	32,480	5,600	$5.80	32,480
Total	38,000		$262,880	16,400		$77,760	3,600		$24,840

Average Cost	Cost of Goods Available for Sale			Cost of Goods Sold - Average Cost			Ending Inventory - Average Cost
	# of units	Unit Cost	Cost of Goods Available for Sale	# of units sold	Average Cost per Unit	Cost of Goods Sold	# of units in ending inventory	Average Cost per unit	Ending Inventory
Beginning Inventory	3,600	$6.90	$24,840
Purchases:
August 8	18,000	$7.10	127,800
August 18	10,800	$7.20	77,760
August 28	5,600	$5.80	32,480
Total	38,000		$262,880			$0			$0