fifo, lifo, and average cost

Altina Corporation provides the following information related to its merchandise Inventory during the month of August 2021 Aug.1 Inventory on hand 2,900 units; cost 56-20 each Purchased 1450 units for $6.00 sach. 14 Sald 11.600 units for $32.99 each 28 Purchased 8,700 units for $6.50 each 25 Sold 10,e units for $11.90 each 2 Purchased 4,900 units for $5.50 each. 31 Inventory on hand 8,000 units Required: Using calculations based on a periodic Inventory system, determine the inventory balance Allire 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. EIRO LIFO Average Cost Determine the inventory balance Altire would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 inc method. Round cost per unit to 2 decimal platea Cost of Goods Available for Sale Cost of Goods Sold Purlodic FIFO Cost Cost per unit Cost of Goods Available for Sale of units sold Cost of Goods Sold Ending Inventory Perlodie FIFO Wof units in ending Cost Ending ventory por unit inventory $15.20 per unit 290015 6:20 17.900 5:620 Beginning inventory Purchase Augatti 56:40 55 5.6.40 14500 16.40 700350 39000 31.000 92.800 56.550 25420 195750 Tot LO >