Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-,000 units cost $7.30 each. 9 Purchased 20,000 units for $7.50 each. 14 Sold 16,000 units for $14.00 each. 18 Purchased 12,000 units for $7.60 each. 25 Sold 15,000 units for $13.00 each. 28 Purchased 6,000 units for $5.80 each. 31 Inventory on hand-11,000 unita. 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. Srved Help Save & Exit Submit 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 FIFO Ending Inventory - Periodic F 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 Cost per unit 1 4,000 $ 7.30 $ 29.200 $ 730 $ 7.30 Beginning Inventory Purchases: August 8 August 18 August 28 Total 20.000 $ 7.50 12,000 $ 7.60 6,000 $ 5.80 42,000 $ 7.50 $ 7.60 150,000 91,200 34,800 305,200 $ 7.50 $ 7.60 $ 5.80 $ LIFO > August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO Sale Goods for Sale Cost of Goods Sold - Periodic FIFO Cost # of units sold Cost of Goods per unit Sold Ending Inventory - Periodic FIFO # of units in ending Cost Ending inventory per unit Inventory $ 7.30 29, 200 $ 7.30 $ 7.50 $ 7.60 150,000 91,200 34,800 305,200 $ 7.50 $ 7.60 $ 5.80 FIF LIFO > Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost per 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 LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIFC LIFO Cost # of units in # of units Cost of Goods Cost Cost of Goods Cost Ending Available for Sale # of units sold per unit Sold unit ending per unit Invento inventory Beginning Inventory 4,000 $7.30 $ 29,200 $ 7.30 4,000 $ 7.30 $ 29, Purchases August 8 20,000 $ 7.50 150,000 $ 7.50 $ 7.50 August 18 12,000 $ 7.60 91,200 12,000 $ 7.60 91,200 $ 7.60 August 28 6,000 $5.80 34,800 6,000 $ 5.80 34,800 Total 42,000 S 305,200 eport in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the nal places.) lable for Sale Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIFO Cost of Goods Cost # of units sold Cost of Goods # of units in ending Cost Ending Available for Sale per unit Sold Inventory per unit Inventory 29,200 $ 7.30 4,000 $ 7.30 $ 29,200 150,000 91.200 34,800 305,200 $ 7.50 12,000 $ 7.60 6,000 $ 5.80 $ 7,50 $ 7.60 91,200 34,800 (FIFO 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 it would report in its Aug cost method. (Round "Average cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory - Ave Average Cost Unit Cost of Goods # of units in # of units Average Available for Average Cost Cost of Goods Cost # of units sold Sold ending Cost per Sale por Unit inventory unit Beginning Inventory 4,000 $ 7.30 $ 29,200 Purchases: August 8 20,000 $ 7.50 150,000 August 18 12,000 $ 7.60 91,200 August 28 6,000 $ 5.80 34,800 Total 42,000 $ 305,200