Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2016 is available

Aug.1	Inventory on hand8,500 units; cost $8.70 each.
8	Purchased 27,000 units for $7.20 each.
14	Sold 19,500 units for $13.70 each.
18	Purchased 14,500 units for $6.70 each.
25	Sold 18,500 units for $12.70 each.
31	Inventory on hand12,000 units.

Required:

Determine the inventory balance Altira would report in its August 31, 2016, balance sheet and the cost of goods sold it would report in its August 2016 income statement using each of the following cost flow methods: (Round "Average Cost per Unit" to 2 decimal places.) FIFO, LIFO, Average Cost (Cost of Goods Available for sale, Cost of Goods Sold, Ending inventory).