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

Aug.1	Inventory on hand2,100 units; cost $5.40 each.
8	Purchased 10,500 units for $5.60 each.
14	Sold 8,400 units for $12.10 each.
18	Purchased 6,300 units for $5.70 each.
25	Sold 7,400 units for $11.10 each.
28	Purchased 4,100 units for $5.80 each.
31	Inventory on hand7,200 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.

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. 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. 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