Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-3,000 units; cost $6.30 each. 8 Purchased 15,000 units for $6.50 each. 14 Sold 12,000 units for $13.00 each. 18 Purchased 9,000 units for $6.60 each. 25 Sold 11,000 units for $12.00 each. 28 Purchased 5,000 units for $5.80 each. 31 Inventory on hand-9,000 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 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.) Cost of Goods Sold - Periodic LIFO LIFO tot units Cost of Goods Available for Sale Cost Cost of Goods # of units per unit Available for Sale 3,000 $6.30 $ 18,900 # of units sold Cost per unit Cost of Goods Sold Ending Inventory - Periodic LIFO # of units in ending Cost Ending inventory per unit Inventory $ 6.30 $ 6.30 $ 0 Beginning Inventory Purchases: August 8 August 18 August 28 Total 97,500 59,400 29,000 15,000 $6.50 9,000 $6.60 5,000 $5.80 32,000 $ 6.50 $ 6.60 $ 5.80 $ 6.50 $ 6.60 0 $ 204,800 0 $ 0 $ 0 LIFO