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 hand10,000 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. Answer is not complete. 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 A LIFO method. (Round "Cost per Unit" to 2 decimal places.) LIFO Cost of Goods Available for Sale Cost Cost of Goods # of units per Available for Sale unit 3.500 $ 6.80 23,800 Cost of Goods Sold - Periodic LIFO Cost # of units sold Cost of per Goods Sold unit Ending Inventory - Period # of units in Cost ending per inventory unit $6.80 0$ 6.80 $ 0 17,500 $ 7.00 122,500 12,000 84,000 Beginning Inventory Purchases: August 8 August 18 August 28 Total $ 7.00 $ 7.10 $ 7.00 $ 7.10 10,500 74,550 $ 7.10 $ 5.80 5,500 31,900 $ 5.80 37,000 $ 252,750 12,000 84.000 0