Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aur 1 Inventory on hand 2,700 units cost $6.00 each # Purchased 13.500 units for 36.20 cach 14 Sold 10,800 units for $12.70 each 15 Purchased 8.100 units for 55.30 each 25 Sold 9,800 units for $11.70 each 28 Purchased 4,700 units for $5.80 each 31 Tventory on hand-8,400 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 Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aur 1 Inventory on hand 2,700 units cost $6.00 each # Purchased 13.500 units for 36.20 cach 14 Sold 10,800 units for $12.70 each 15 Purchased 8.100 units for 55.30 each 25 Sold 9,800 units for $11.70 each 28 Purchased 4,700 units for $5.80 each 31 Tventory on hand-8,400 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