Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,800 units; cost $6.10 each. 8 Purchased 14,000 units for $6.30 each. 14 Sold 11,200 units for $12.80 each. 18 Purchased 8,400 units for $6.40 each. 25 Sold 10, 200 units for $11.80 each. 28 Purchased 4.800 units for $5.80 each. 31 Inventory on hand-8,600 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 the LIFO cost flow method. Complete this question by entering your answers in the tabs below. LIFO 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.) LIFO Cost of Goods Available for Sale Cost Cost of Goods # of units per Available for Sale Cost of Goods Sold - Periodic LIFO Cost # of units sold Cost of Goods per unit Sold $ 0.00 $ Ending Inventory - Periodic LIFO # of units in Cost Ending ending per unit Inventory inventory $ 0.00 unit Beginning Inventory Purchases: August 8 August 18 August 28 Total $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0 LIFO next