eBook- Hot Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand-2,808 units; cost $5.78 each. August 8 Purchased 11,200 units for $5.90 each. August 14 Sold 8,400 units for $12.40 each. August 18 Purchased 8,400 units for $6.00 each. August 25 Sold 9,800 units for $11.40 each. August 28 Purchased 5,600 units for $6.20 each. August 31 Inventory on hand-9,800 units. Required: Using 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 methods. Complete this question by entering your answers in the tabs below. Pri FIFO References Mc LIFO Average Cost Check my work 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 Catement cost method. Note: Round "Average Cost per Unit" to 2 decimal places. Peerage Cust Cost of Goods Available for Sale Number of units Cost of Goods Sold Average Cost Unit Cost Cost of Goods Available for Sale Number of units sold Average Cost per Und Cost of Goods C Ending inventory Avinage Cost Number of Average Ending units in anding inventary unit Beginning Inventory 2.800 5.70 $ 15,000 Purchases August August 18 August 28 Tota 11.200 $5.90 06.080 8,400 $6.00 50,400 5.600 $8.20 34.720 28.000) 167,160