Determine the inventory balance Altira would report in its August 31,2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement LIFO method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{LIFO} & \multicolumn{4}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Periodic LIFO } & \multicolumn{3}{|c|}{ Ending Inventory - Periodic LIFO } \\ \hline & \begin{tabular}{c} Number of \\ units \end{tabular} & \begin{tabular}{l} Cost \\ per \\ unit \end{tabular} & & \begin{tabular}{l} ods \\ r Sale \end{tabular} & \begin{tabular}{c} Number of units \\ sold \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & \begin{tabular}{l} Cost of Goods \\ Sold \end{tabular} & \begin{tabular}{c} Number of units \\ in ending \\ inventory \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} \\ \hline Beginning Inventory & 2,600 & $5.60 & $ & 14,560 & & $5.60 & $ & & $5.60 & \\ \hline \multicolumn{11}{|l|}{ Purchases: } \\ \hline August 8 & 10,400 & $5.80 & & 60,320 & & $5.80 & & & $5.80 & \\ \hline August 18 & 7,800 & $5.90 & & 46,020 & & $5.90 & & & $5.90 & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline FIFO \\ \hline \end{tabular} method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{FIFO} & \multicolumn{3}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Periodic FIFO } & \multicolumn{3}{|c|}{ Ending Inventory - Periodic FIFO } \\ \hline & \begin{tabular}{c} Number of \\ units \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & \begin{tabular}{l} Cost of Goods \\ Available for Sale \end{tabular} & \begin{tabular}{c} Number of units \\ sold \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Sold \end{tabular} & \begin{tabular}{l} Number of units in \\ ending inventory \end{tabular} & \begin{tabular}{c} Cost \\ per unit \end{tabular} & \begin{tabular}{l} Ending \\ Inventory \end{tabular} \\ \hline Beginning Inventory & 2,600 & $5.60 & 14,560 & & $5.60 & & & $5.60 & $ \\ \hline \multicolumn{10}{|l|}{ Purchases: } \\ \hline August 8 & 10,400 & $5.80 & 60,320 & & $5.80 & & & $5.80 & 0 \\ \hline August 18 & 7,800 & $5.90 & 46,020 & & $5.90 & & & $5.90 & \\ \hline August 28 & 5,200 & $6.10 & 31,720 & & $6.10 & & & $6.10 & \\ \hline Total & 26,000 & & 152,620 & 0 & & $ & 0 & & $ \\ \hline \end{tabular} Determine the inventory balance Altira would report in its August 31,2024 , balance sheet and the cost of goods sold it would report in its August 2024 income sta cost method. Note: Round "Average Cost per Unit" to 2 decimal places. Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,600 units; cost $5.60 each. August 8 Purchased 10,400 units for $5.80 each. August 14 Sold 7,800 units for $12.30 each. August 18 Purchased 7,800 units for $5.90 each. August 25 Sold 9,100 units for $11.30 each. August 28 Purchased 5,200 units for $6.10 each. August 31 Inventory on hand-9,100 units. August 1 Inventory on hand 2,600 units; cost $5.60 each. August 8 Purchased 10,400 units for $5.80 each. August 14 Sold 7,800 units for $12.30 each. August 18 Purchased 7,800 units for $5.90 each. August 25 Sold 9,100 units for $11.30 each. August 28 Purchased 5,200 units for $6.10 each. August 31 Inventory on hand-9,100 units. Required: Jsing calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost flow nethods