Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

Aug.1	Inventory on hand3,200 units; cost $6.50 each.
8	Purchased 16,000 units for $6.70 each.
14	Sold 12,800 units for $13.20 each.
18	Purchased 9,600 units for $6.80 each.
25	Sold 11,800 units for $12.20 each.
28	Purchased 5,200 units for $5.80 each.
31	Inventory on hand9,400 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.

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 sold it would report in its August 2021 income statement method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO FIFO Cost Cost # of units Cost of Goods Available for Sale # of units sold Cost of Goods Sold # of units in ending inventory Cost Ending per unit Inventory per unit per unit 3,200 $ 6.50 $ 20,800 $ 6.50 $ 6.50 0 Beginning Inventory Purchases: O $ 6.70 $ 6.80 August 8 August 18 August 28 Total $ 6.70 $ 6.80 $ 5.80 $ 6.70 $ 6.80 16,000 9,600 5,200 34,000 107,200 65,280 30,160 223,440 $ 5.80 $ 0 $ 0 0 $ 0