Altira Corporation provides the following Information related to its merchandise Inventory during the month of August 2021 Aug 1 Inventory on hand-2,900 units; cost 56.20 each. 8 Purchased 14,500 units for $6.40 each 14 Sold 11,600 units for $12.99 each. 18 Purchased 8,700 units for $6.50 each 25 Sold 10,600 units for $11.99 each. 28 Purchased 4,900 units for 35.0 each. 31 Inventory on hand-8,800 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altra 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 Determine the investery balance Altra would report ins August 31, 2021. balance sheet and the cost of goods sold it would report in its August 2021 income statement in the FIFO method. Round "Cost per 2 decimal place Cest of Goods Available for sale Cost of Goods Sold Penode FIFO Cost Costet Goods Available for sale . Cost of Goods Cost per unit Wosits sold Encing Inventory Periode FIFO of unitsin ending Ending Inventory Derventory 5820 5 2.000 8305 5820 Beginning inventory Purchase 16.00 14500 5.640 0.100 850 4.000 55.00 31.000 32.100 5000 28,40 10.10 30/40 30.00 5930 Cout 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 in the LIFO method. (Round "Cost per unit to 2 decimal place.) Cost of beds Available for sale Cost of Goods Sold - Periode LIFO Ending Inventory - Periode LIFO of units in Co Cost of Goods pe of its sold Cost Cost of Goods Ending Available for per unit ending Sold inventory per unit Inventory #2 IF Hav, 2.000 5020 11.000 10203 0 2.000 3 820 17 00 Purch Riguar 30 92.000 18:40 1.0.40 700 300 58.560 700 300 50 550 56.50 A21 4.000 55.00 00510 20,420 31.000 . 106.7 2000 5 36660 2.000 17.000 Determine the inventory balance Alira would report in its August 31, 2021. halance sheet and the cost of goods sold it would report its August 2021 Income statement in the Avenge cost method. Round Average Coster Unit" to 2 decimal places Conds Awitte for the Cento Sold Average cost Endling Inventory - Artan Cost AKER! Unit Cost of God of units Average Coat of God Available for of units Aer Cost Wof its sold Ending winding Cost Ces per pe Unit Sold Investory eginning inter 2.000 3.6.2013 A 4 500 50.40 1700 50.50 4.900 3550 21.00 2000 58.530 20.420 105,750 August 20 5