Altira Corporation provides the following Information related to its merchandise Inventory during the month of August 2021: Aug.1 Inventory on hand-4,800 units; cost $7.30 each. 8 Purchased 20,800 units for $7.50 each. 14 Sold 16,000 units for $14.00 each. 18 Purchased 12,eee units for $7.60 each. 25 Sold 15,000 units for $13.00 each. 28 Purchased 6,000 units for $5.80 each. 31 Inventory on hand-11,800 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 using the LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Sold - Periodic LIFO LIFO Cost of Goods Available for Sale Cost Cost of Goods # of units per Available for Sale unit 4,000 $7.30 $ $ s 29,200 # of units sold Cost per unit Cost of Goods Sold Ending Inventory - Periodic LIFO # of units in Cost Ending ending per unit Inventory inventory $ 7.30 $ 7.30 s 0 $ 7.50 Beginning Inventory Purchases: August 8 August 18 August 28 Total $ 7.50 $ 7.60 0 20,000 $7.50 12.000 $ 7.60 6.000 $5.80 42.000 150,000 91,200 34.800 305,200 $ 7.60 $ 5.80 S 0 S 0 0 $ 0