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 4,6ee units for $5.80 each. 31 Inventory on hand-8,2ee 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 report in its August method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO Cost # of units Cost of Goods Cost Cost of Goods # of units sold #of units in ending Cost per unit Available for Sale per unit Sold inventory per unit Beginning inventory 2,600 $ 5,90 $ 15,340 $ 5.00 $ 5.00 Purchases: August 8 13,000 $ 6.10 79,300 $ 6.10 $ 6.10 August 18 7,800 $ 6.20 48,380 $ 6.20 $ 5,20 August 28 4,500 $ 5.80 26.680 $ 5,80 Total 28,000 $ 169,680 Ft LIFO > FIFO LIFO Average Cost ermine 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 202 method. (Round "Cost per unit to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIFO LIFO Cost #of units in Cost Cost of Goods #of units Cost of Goods Cost Ending per Available for Sale # of units sold Sold per unit ending unit per unit Inventory inventory ning Inventory 2600 $5.90 $ 15,340 $5.90 2,600 $5.90 $ 15,340 gust gust 18 gust 28 13,000 $6.10 7,800 $6.20 4.600 $ 5.80 28.000 $ 6.10 $ 6.20 79,300 48,360 25,680 169,680 $ 6.10 7.800 $ 6.20 4,000 $ 5.80 48,360 26.680 $ FIFO LIFO Average cost Sold ermine 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 202 t method. (Round "Average Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory - Average C Average Cost Cost of Goods # of units in Average Unit # of units Average Cost En Cost of Goods # of units sold Available for ending Cost Cost per per Unit Sale Inve inventory unit thing Inventory 2,600 S 5.90 S 15,340 tases 13,000 $6.10 79,300 7,800 $ 6.20 48,360 4,600 $ 5.80 26,680 28.000 S 169.680 gust gust 18 gust 28
