Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2016:

Aug.1 Inventory on hand 2,000 units, cost $6.10 each .

Aug. 8. Purchased 10,000 units for $5.50 each

Aug. 14. Sold 8,000 units for $12 each

Aug. 18. Purchased 6,000 units for $5 each

Aug. 25. Sold 7,000 units for $11 each

Aug. 31. Inventory on hand 3,000 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.)

A. Perpetual FIFO

1. Cost of Goods Available for Sale ( Perpetual FIFO # of units with date, Cost per unit, Cost of Goods Available for Sale)

2. Cost of Goods Sold - Aug. 14 ( Perpetual FIFO # of units sold, Cost per unit, Cost of Goods Sold)

3. Cost of Goods Sold - Aug.25 ( Perpetual FIFO # of units sold, Cost per unit, Cost of Goods Sold)

4. Inventory Balance (# of units in ending iinventory, Cost per unit, Ending Inventory)

B. Perpetual LIFO

1. Cost of Goods Available for Sale ( Perpetual LIFO # of units with date, Cost per unit, Cost of Goods Available for Sale)

2. Cost of Goods Sold - Aug. 14 ( Perpetual LIFO # of units sold, Cost per unit, Cost of Goods Sold)

3. Cost of Goods Sold - Aug.25 ( Perpetual LIFO # of units sold, Cost per unit, Cost of Goods Sold)

4. Inventory Balance (# of units in ending iinventory, Cost per unit, Ending Inventory)

C. Perpetual Average

Perpetual Average	Inventory on hand			Cost of Goods Sold			Inventory Balance
	# of units	Cost per unit	Inventory Value	# of units sold	Avg.Cost per unit	Cost of Goods Sold	# of units in ending inventory	Cost per unit	Ending inventory
Beginning Inventory
Purchase - August 8
Subtotal Average Cost
Sale - August 14
Subtotal Average Cost
Purchase - August 18
Subtotal Average Cost
Sale - August 25
Total	0		0	0		0