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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand2,300 units; cost $5.60 each.

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

Aug.1 Inventory on hand2,300 units; cost $5.60 each.
8 Purchased 11,500 units for $5.80 each.
14 Sold 9,200 units for $12.30 each.
18 Purchased 6,900 units for $5.90 each.
25 Sold 8,200 units for $11.30 each.
28 Purchased 4,300 units for $5.80 each.
31 Inventory on hand7,600 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

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