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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug. 1 Inventory on hand-2,600 units; cost $5.99

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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug. 1 Inventory on hand-2,600 units; cost $5.99 each. 8 Purchased 13,000 units for $6.10 each. 14 Sold 10,400 units for $12.60 each. 18 Purchased 7,800 units for $6.20 each. 25 Sold 9,400 units for $11.60 each. 28 Purchased 4,600 units for $5.80 each. 31 Inventory on hand-8,200 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. 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 method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending FIFO Cost of Goods Cost Cost Cost of Goods # of units in # of units # of units sold per unit Available for Sale Sold Inventor per unit AONA AR . 7 of 11 HHH Neyt Submit Complete this question by entering your answers in the tabs below. Check my work 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 method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending FIFO Cost # of units Cost of Goods Cost # of units sold Cost of Goods per unit of units in Available for Sale per unit Sold Inventor Beginning Inventory 2,600 $ 5.90 $ 15,340 $ 5,90 Purchases: August 8 13,000 $ 6.10 79,300 $ 6.10 August 18 7,800 $ 6.20 48,360 $ 6.20 August 28 4,600 $ 5.80 26,680 Total 28,000 $ 169,680 HO LIFO >

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