Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021 Aut1 Inventory on hand), 700 units; cost $7.00 each B Purchased 18,500 units for $7.20 each 14 Sold 14,500 units for $13.70 each 18 Purchased 11,100 units for $2.30 each 25 Sold 13,800 units for $12.70 each 28 Purchased 5,700 units for $5.50 each 31 Inventory on hand 10,400 units. Required: Using calculations based on a perodic 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 Altra would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its Augint 2021 com LIFO method. (Round "Cost per Unit" to 2 decimal places) Cost of Goods Available for sale Cost of Goods Sold - Periodic UFO Ending Inventory Periodic LFO LIFO Cost #of units Cost of Goods of units in Cost Cost of Goods Cost # of units sold Available for Sale ending Ending per unit Sold inventory per unit inventory Beginning inventory 3.700 57005 25 000 $7005 57.00 pet unit