Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-3,500 units; cost $6.80 each. 8 Purchased 17,500 units for $7.00 each. 14 Sold 14,000 units for $13.50 each. 18 Purchased 10,500 units for $7.10 each. 25 Sold 13,000 units for $12.50 each. 28 Purchased 5,500 units for $5.80 each. 31 Inventory on hand-10,000 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 FIFO LIFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold method. (Round "Cost per Unit" to 2 decimal places.) would report in its A Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Peri 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 Cos per u 3,500 $ 6.80 $ 23,800 3,500 $ 6.80 $ 23,800 $ 6 17,500 $ 7.00 122,500 122,500 $ 7 Beginning Inventory Purchases: August 8 August 18 August 28 Total 10,500 $ 7.10 74,550 17,500 $ 7.00 13,000 $ 7.10 13,000 92,300 $ 7 $ 5 5,500 $ 5.80 37,000 31,900 252,750 $ 47,000 $ 238,600 0 FIFO LIFO