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 hand10,000 units; cost $8.00 each.
8	Purchased 26,000 units for $7.10 each.
14	Sold 19,000 units for $13.60 each.
18	Purchased 14,000 units for $6.60 each.
25	Sold 18,000 units for $12.60 each.
31	Inventory on hand13,000 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:

Complete this question by entering your answers in the tabs below. FIFO LIFO e Cost 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 the FIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFOEnding Inventory Periodic FIFO # of units Cost per Costof Goods unitA # of units Cost per | Ending unit FIFO Available for of units Cost per Cost of unit Goods Sold in ending S 0.00 Sale Inventory $000s Beginning Inventory Purchases August 8 August 18 S 0.00 S 0.00 $ 0.00 $ 0.00 Total 0 0 0 0