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

Aug.1	Inventory on hand3,300 units; cost $7.40 each.
8	Purchased 16,500 units for $6.80 each.
14	Sold 13,200 units for $13.30 each.
18	Purchased 9,900 units for $6.20 each.
25	Sold 12,200 units for $12.30 each.
31	Inventory on hand4,300 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.)

Perpetual FIFO:	Cost of Goods Available for Sale			Cost of Goods Sold - August 14			Cost of Goods Sold - August 25			Inventory Balance
	# of units	Cost per unit	Cost of Goods Available for Sale	# of units sold	Cost per unit	Cost of Goods Sold	# of units sold	Cost per unit	Cost of Goods Sold	# of units in ending inventory	Cost per unit	Ending Inventory
Beg. Inventory	3,300	$7.40	$24,420		$7.40			$7.40	$0		$7.40	$0
Purchases:
August 8	16,500	6.80	112,200		6.80			6.80			6.80	0
August 18					0.00	0		0.00			0.00
Total	19,800		$136,620	0		$0	0		$0	0		$0

Perpetual LIFO:

Cost of Goods Available for Sale

Cost of Goods Sold - August 14

Cost of Goods Sold - August 25

Inventory Balance

# of units

Cost per unit

Cost of Goods Available for Sale

# of units sold

Cost per unit

Cost of Goods Sold

# of units sold

Cost per unit

Cost of Goods Sold

# of units in ending inventory

Cost per unit

Ending Inventory

Beg. Inventory

Purchases:

August 8

August 18

Total

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