Altiva Corporation provides the following information related to its merchandise Inventory during the month of August 2021 Aug. 1 Inventory on hand-2,500 units; cost $5.80 each 3. Purchased 12,500 units for $6.00 each 14 Sold 10,000 units for $12.50 each 18 Purchased 7,500 units for $6.10 each 25 Sold 9,000 units for $11.50 each. 28 Purchased 4,500 units for $5.50 each 31 Inventory on hand-1,000 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2021 balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost flow methods FIFO LIFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement method. (Round "Cost per unit to 2 decimal places) FIFO Cast of Goods Available for Sale Cost of units per Cost of Goods Available for Sale Cost of Goods fold-Periodic FIFO of units Cost Cost of sold per Goods Sold 2500 5580 14500 Ending inventory Periode FIFO of units in ending Cost por Ending inventory Un Inventory $5.80 0 2500 55.00 5 14 500 Beginning mentory Purchase August A1 12 500 7.500 4300 27.000 3 1600 5010 5580 75,000 45.750 20.100 101 350 12.500 5600 7.500 56.10 75.000 15750 3000 0335-10 8.000 3 5500 8.000 5 22 500 135.250 0.00 500 LIFO Complete this question by entering your answers in the tabs below. FIFO LIFO Average cost Determine the twentory balance Alura would report in its August 31, 2021, balance sheet and the cost of goods sold it would report ins August 2021 income statement uro method, and cost per unit to 2 decimal places Cost of Goods Available for Sale Cost of Goods Sold. Periode LIFO Finding Inventory. Parodi LIFO LIFO Cost Cost of Goods of units in Cost W of units sold Coat of per Available for Sale per Ending unit Goods Sold Inventory inventory Degy 2.500 5580 14.00 2.500 3500 14500 2.500 3500 100 Cost August Aigal Aug 20 To 12.500 7.500 4.50 27,000 $600 $610 5500 75.000 45.750 25.100 550000 0510 33 000 0 12 500 5600 7.500 5610 4500 27.000 75.000 15.750 201100 115.250 D 3,000 $17.500