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

Aug.1	Inventory on hand4,000 units; cost $8.10 each.
8	Purchased 20,000 units for $7.50 each.
14	Sold 16,000 units for $14.00 each.
18	Purchased 12,000 units for $7.00 each.
25	Sold 15,000 units for $13.00 each.
31	Inventory on hand5,000 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.)

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					$0.00			$0.00	$0		$0.00	$0
Purchases:
August 14					0.00			0.00			0.00	0
August 25					0.00	0		0.00			0.00
Total	0		$0	0		$0	0		$0	0		$0