Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand2,500 units; cost $5.80 each. 8 Purchased 12,500 units for $6.00 each. 14 Sold 10,000 units for $12.50 each. 18 Purchased 7,500 units for $6.10 each. 25 Sold 9,000 units for $11.50 each. 28 Purchased 4,500 units for $5.80 each. 31 Inventory on hand-8,000 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 Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO FIFO Cost # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost of Goods Sold per unit 2,500 $ 5.80 $ 14,500 $ 5.80 Beginning Inventory Purchases: 12,500 $ 6.00 $ 6.00 $ 6.10 August 8 August 18 August 28 Total 7,500 $ 6.10 4,500 $ 5.80 75,000 45,750 26,100 161,350 27,000 $ 0 $ 0 (FIFO LIFO >