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,eee units for $13.49 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-9,999 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 2 method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FL 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 incon 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 FEO # of units Cost Cost of Goods Available for Sale per unit Cost # of units sold Cost of Goods Sold per unit # of units in ending inventory Cost Ending per unit Inventory 3,000 $ 6.30 5 18 900 $ 6.30 $ 6301 $ 0 15,000 0 Beginning Inventory Purchases: August 8 August 18 August 28 Total $ 6.50 $ 660 $ 5.80 $ 6.50 $ 660 9,000 5,000 32,000 97,500 59.400 29,000 204,800 $ 6.50 $ 6.60 $ 5.80 $ 0 5 0 0 5 CIFE LIFO > FIFO LIFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold LIFO method. (Round "Cost per Unit" to 2 decimal places.) would report in its August 2021 incon LIFO Cost of Goods Available for Sale Cost # of units Cost of Goods per Available for Sale unit 3,000 $6.30 $ 18.900 Cost of Goods Sold - Periodic LIFO # of units sold Cost Cost of Goods per unit Sold Ending Inventory Periodic LIFO # of units in Cost ending Ending inventory per unit Inventory 3,000 $ 6.30 $ 18,900 5 6.30 $ Beginning Inventory Purchases August 8 August 18 August 28 Total 15,000 $ 6.50 9,000 $6.60 5.000 $ 5.80 32,000 97,500 59,400 29,000 204.800 $ 6.50 $ 6.60 59,400 0 $ 6.50 9,000 $ 6.60 5.000 $ 5.80 14.000 $ 29,000 59.400 $ 3,000 $ 18,900 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 incon cost method. (Round "Average Cost per Unit" to 2 decimal places.) Average Cost Cost of Goods Available for Sale Unit Cost of Goods # of units Cost Available for Sale 3.000 $ 6.30 $ 18,900 Cost of Goods Sold Average Cost Cost of Goods Average Cost # of units sold Sold Ending Inventory Average Cost # of units in Average Ending ending Inventory inventory unit Cost per per Unit Beginning Inventory Purchases August 8 August 18 August 28 Total 15,000 9,000 5,000 32,000 $ 6.50 $ 6.60 $ 5.80 97,500 59,400 29.000 204.800 $ $