Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand 2,700 units; cost $6.00 each. 8 Purchased 13,500 units for $6.20 each. 14 Sold 10,800 units for $12.70 each. 18 Purchased 8, 100 units for $6.30 each. 25 Sold 9,800 units for $11.70 each 28 Purchased 4,700 units for $5.80 each. 31 Inventory 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 FIFO LO Average Cost Determine the inventory balance Altita would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 Incor method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for sale Cost of Goods Sold Periodic FIO Ending Periode FIFO of units Cost Cont of Goods Cost Cost of Goods of units in ending Cost per unit Bol units sold Ending Available for Sale per unit Sold Inventory per unit inventary Beginning inventory 2700 5 600 5 16.200 27.000 $ 500 5 162 000 o $ 500 5 Purchases August 8 13,500 $ 620 337001 13.500S 620 83.700 5 520 0 August 18 8.100 $.630 51030 4,400 5 6:30 272720 21 310 5630 146,850 August 28 4,700 5.580 27.260 21.260 $ 580 158.108 Total 29.000 5 178,190 4900 $ 273 420 50.570 $ 304951