Exercise 8-13 (Algo) Inventory cost fiow methods; periodic system [LO8-1, 8-4] Autira Corporation provides the following information related to its inventory during the month of August 2024 : Aupust 1 Inventory on hand-4,0ea uaits: cest 57.30 each. hugust o Purchased 24, eae units for $7, 50 each. Auguit 14 Sold 18,000 units for $14,00 each. August is Purchased 18,600 units for $7. 60 each. August 25 5old 21.006 units for 513.00 each. August 25 Purchased 12 , 206 units for $7.80 each. August 31 Inveatory en hand-21, ede units. Pequired: Using calculations based on a periodic inventory system, dotermine the irwontory balance Altira would report in its August 31, 2024, bolance sheet and the cost of goods sold it would report in its August 2024 income statement using cach of the following cost flow methods Complete this questien by entering your answers in the tabs below