HACCOMO INTERMEDIATE ACCOUNTING Help Save & Exit Submit Week 6 Homework Altra Corporation provides the following information related to its merchandise inventory during the month of August 2021 3 Aug. 1 Inventory on hand-2,000 units cost 56.20 each Purchased 14,5 units for $6.40 each 14 Sold 11,600 units for $12.99 each. 18 Purchased 8,700 units for $6.50 each 25 Sold 10,60 units for $11.90 each. 28 Purchased 4,900 units for $5.00 each. 31 Inventory on hand-8,800 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 August 2021 Income method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Porodic FIFO Ending Inventory - Periodic FIFO FIED # of units sold Cost per unit Cost of Goods Sold # of units in ending Inventory Cost per unit Ending Inventory Cost Cost of Goods # of units per unit Available for Sale 2,900 $ 6.20 $ 17.980 $ 6.20 $ 6.20 $ 0 Beginning inventory Purchases August 8 August 18 August 28 Total $ 6.40 $ 6.50 14,500 $ 6.40 8,700 $ 6.50 4.900 $ 5.80 31,000 92.800 56,550 28,420 195,750 $ 6.40 $ 6.50 $ 5.80 $ 0 $ 0 $ 0