Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand3,700 units; cost $7.00 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for $7.30 each. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-10,400 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 using the FIFO 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 # of units sold Cost Cost of Goods # of units per unit Available for Sale 3,700 $ 7.00 $ 25,900 Cost per unit Cost of Goods Sold # of units in ending inventory Cost Ending per unit Inventory $ 7.00 $ 7.00 $ 0 133,200 0 Beginning Inventory Purchases: August 8 August 18 August 28 Total $ 7.20 $ 7.30 81,030 18,500 $ 7.20 11,100 $ 7.30 5,700 $ 5.80 39,000 $ 7.20 $ 7.30 $ 5.80 33,060 273,190 $ 0 $ 0 0 $ 0