Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Aug.1	Inventory on hand3,000 units; cost $6.30 each.
8	Purchased 15,000 units for $6.50 each.
14	Sold 12,000 units for $13.00 each.
18	Purchased 9,000 units for $6.60 each.
25	Sold 11,000 units for $12.00 each.
28	Purchased 5,000 units for $5.80 each.
31	Inventory on hand9,000 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.

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 2021 income statement using the FIFO 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 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 Cost Ending per unit Inventory 3,000 $ 6.30 $ 18,900 3,000 $ 6.30 $ 18,900 $ 6.30 $ 0 97,500 0 Beginning Inventory Purchases August 8 August 18 August 28 Total 15,000 $ 6.50 5,000 $ 6.60 33,000 15.000 $ 6.50 9,000 $ 6.60 5,000 $ 5.80 32.000 97,500 59,400 29,000 204,800 $ 6.50 4,000 $ 6.60 5,000 $ 5.80 9,000 26,400 29,000 55,400 $ 23,000 $ 149,400 $ (FIFO LIFO > 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 2021 income statement using the LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Sold - Periodic LIFO LIFO Cost Cost of Goods Available for Sale Cost Cost of Goods # of units per Available for Sale unit 3,000 $6.30 $ 18,900 # of units sold Cost of Goods Sold Ending Inventory - Periodic LIFO # of units in Cost Ending ending inventory per unit Inventory 3,000 $ 6.30 $ 18,900 per unit $ 6.30 $ 0 $ 6.50 $ 6.50 Beginning Inventory Purchases: August 8 August 18 August 28 Total $ 6.60 0 15.000 $ 6.50 9,000 $ 6.60 5,000 $5.80 32,000 97,500 59,400 29,000 204,800 9,000 $ 6.60 5,000 $ 5.80 14,000 59,400 29,000 59,400 $ $ 3,000 $ 18,900 Cost of Goods Sold - Average Cost Average Cost Cost of Goods Available for Sale Cost of Goods Unit # of units Available for Cost Sale # of units sold Average Cost per Unit Ending Inventory - Average Cost # of units in Average Ending ending Cost per Inventory inventory unit Cost of Goods Sold 3,000 $ 6.30 $ 18,900 Beginning Inventory Purchases: August 8 August 18 August 28 Total 15,000 $ 6.50 9,000 $ 6.60 5,000 $ 5.80 32,000 97,500 59,400 29,000 204,800 $ $ $ 0