Exercise 8-13 (Algo) Inventory cost flow methods; periodic system (LO8-1, 8-4) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021; Aut 1 Inventory on hand-3,300 units cost $6.10 each Purchased 14,000 units for $6.30 each 14 Sold 11,200 units for $12.80 each 18 Purchased 8,400 units for 56.40 each 25 Sold 10,200 units for $11.30 each 28 Purchased 1,800 units for 35.80 each * Inventory on hand-13,600 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 Au method (Round "Cost per Unit" to 2 decimal places) Complete this question by entering your answers in the tabs below uro Avere com Der the wory Dolanen Altun would teooringit 31, 2001. balance sheet and the cost of content it would report its per 2017 become statement on the method and content to decimal places Cout of Goods Available for sale Cast food told Pro ingry. Pero Cost Cost of Goods of us Cout Cost of Goods of unitsin ending Cost Dernit Ending Available for Sale of units sold par unit Sold inventory per unity 2.000 3 6 10 17 000 2000 5 10 17.000 0 SS Purchases Atirgus 14000 5630 30 200 14 000 5 5:30 200 US 0 August 10 80050 53780 4000 540 20440 100 50.00 26 2005 27840 40 55 24 TON 30 000 S TD 21.400 5 2100 000 LIFO > Complete the guestion by entering your answers in the tabs bielow. Dietheory blance to win itu, 3031, bloce sheet and the coul of good wit Weingut 2021 met perfecte CAV or Cost of our LIFO den Colors Cost w of units sold funt in Cear of Good CE Facing Artilable for sale ending Sole Inventory en we 200501015 100 5010 SO Du Der OGOS 000 DOS 10:30 ALDUB A 0400 500 5640 OVDE 5200 500 27.80 166100 029529 OHI 30.000 5 0 S 5 0 FIFO Average Cont> Determine the inventory balance Altia would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2023 Income statement cost method (Round Avenge Coit per Unit" to 2 decimal places) Cost of Goods Available for sale Cost of Goods Bald Average cost Ending Inventory - Average cout A cost of units in Cost of Goods Average Unit of units Available for of units sold Average Cost Cost of Goods onding Cost per ning Cost Sale Der Unit sold inventory unit Inventory Beginning Inventory 280050105 17,000 Purchas AUGUST 14.000 5.000 38200 August 3,400 640 53.700 August 4800 5500 27840 TO 30.000 5 186,880 19 Complete the guestion by entering your answers in the tabs bielow. Dietheory blance to win itu, 3031, bloce sheet and the coul of good wit Weingut 2021 met perfecte CAV or Cost of our LIFO den Colors Cost w of units sold funt in Cear of Good CE Facing Artilable for sale ending Sole Inventory en we 200501015 100 5010 SO Du Der OGOS 000 DOS 10:30 ALDUB A 0400 500 5640 OVDE 5200 500 27.80 166100 029529 OHI 30.000 5 0 S 5 0 FIFO Average Cont> Determine the inventory balance Altia would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2023 Income statement cost method (Round Avenge Coit per Unit" to 2 decimal places) Cost of Goods Available for sale Cost of Goods Bald Average cost Ending Inventory - Average cout A cost of units in Cost of Goods Average Unit of units Available for of units sold Average Cost Cost of Goods onding Cost per ning Cost Sale Der Unit sold inventory unit Inventory Beginning Inventory 280050105 17,000 Purchas AUGUST 14.000 5.000 38200 August 3,400 640 53.700 August 4800 5500 27840 TO 30.000 5 186,880 19