Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2018 is available: Aug.1 Inventory on hand3,000 units; cost $6.50 each. 8 Purchased 12,000 units for $5.70 each. 14 Sold 9,000 units for $12.20 each. 18 Purchased 7,000 units for $5.20 each. 25 Sold 8,000 units for $11.20 each. 31 Inventory on hand5,000 units. Required: Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using each of the following cost flow methods:

t using the LIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold -Periodic LIFO Ending Inventory - Periodic LIFO #of |Cost per units unit Cost of Goods Available for Sale | # of units in ending inventory #of units Cost of | Cost per unit Ending Inventory Cost sold per unitGoods Sold Inventory 3,000$6.50$ 19,500 9,000$ 6.50 58 58,500 6,000 6.50 39,000 7,000$5.2036,400 22,000 2,000$5.70 68,400 7,000S 5.70 39006,000s 5.70 34.200 67,600 $ 140,800 $ 5.20 13,000$5.20 25,000 18 $ 124,300 16,000 $ 98,400