Altra Corporation provides the following information related to its merchandise inventory dunng the month of August 2021 Aug.1 Inventory on hand-3, 100 units; cost $6.00 each. 8 Purchased 15,500 units for $6.60 each. 14 Sold 12,400 units for $13.10 each. 18 Purchased 9,389 units for $6.70 each. 25 Sold 11,400 units for $12.10 each 28 Purchased 5,109 units for $5.se each 31 Inventory on hand 9, 200 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 Complete this question by entering your answers in the tabs below. 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 using the FIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold. Periodic FIFO Ending Inventory - Periodic FIFO FIFO of units Cost Cost of Goods Available for Sale of units sold Cost per unit Cost of Goods Sold # of units in ending inventory per unit Cost Ending per unit Inventory $0.00 $ $ 0.00 0 a Beginning Inventory Purchases: August 8 August 18 August 28 $ 0.00 5 000 $ 0.00 $ 0.00 $ 0.00 0 $ 0 Total 0 $ LIFO > Aug.1 Inventory on hand 3,100 units; cost 56.40 each. B Purchased 15,500 units for $6.50 each. 14 Sold 12,400 units for $13.10 each. 18 Purchased 9.300 units for $6.70 each. 25 Sold 11,400 units for $12.10 each. 28 Purchased 5,160 units for $5.80 each. 31 Inventory on hand-9,200 units. Required: Using calculations based on a periodic Inventory system determine the inventory balance Altura 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 Complete this question by entering your answers in the tabs below. 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 using the UFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale LIFO Cost per unil Cost of Goods Sold - Periodic LIFO Cost #of units sold Cost of Goods per Sold unit $0.00 $ 0 Ending Inventory Periodic LIFO # of units in Cost ending Ending per inventory unit Inventory 50.00 Cost of Goods Available for Sale of units $ 0.00 $ 0.00 0 Beginning Inventory Purchases August 8 August 18 August 28 Total $ 0.00 50.00 $ 0.00 5 0 $ D 0 $ 0 (FIFO Average Cost> Altra Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3, 100 units; cost 56.40 each 8 Purchased 15,500 units for $6.60 each. 14 Sold 12,400 units for $13.10 each 18 Purchased 9,300 units for $6.70 each. 25 Sold 11,400 units for $12.10 each. 26 Purchased 5,100 units for $5.50 each. 31 Inventory on hand-9,280 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 Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost Determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold i would noortnits August 2021 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places Cost of Goods Sold Average Cost Average Cost Cost of Goods Available for Sale Unit Cost of Goods # of units Cost Available for Sale Average Cost per Unit #of units sold Ending Inventory Average cost # of us Average Ending ending cost per ventory inventory unit Cost of Goods Sold Beginning Inventory Purchases August 8 August 18 August 28 Total 0 5 0 5