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Hello please help. I only have a limited number of tries to check my work so help me if you really know how to explain

Hello please help. I only have a limited number of tries to check my work so help me if you really know how to explain this please.

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Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2016 is available Aug.1 Inventory on hand-2,000 units, cost $6.10 each 8 Purchased 10,000 units for $5.50 each. 14 Sold 8,000 units for $12.00 each. 18 Purchased 6,000 units for $5.00 each. 25 Sold 7,000 units for $11.00 each. 31 Inventory on hand-3,000 units. Required: Determine the inventory balance Altira would report in its August 31, 2016, balance sheet and the cost of goods sold it would report in its August 2016 income statement using each of the following cost flow methods: (Round "Average Cost per Unit to 2 decimal places.) Answer is not complete. Cost of Goods Available for Sale Ending Inventory - Periodic FIFO # of units in ending inventory per unit FIFO Cost of Goods Available for Sale FIFO Cost Cost of units soldper unit Inventory Sold Beginning Inventory 2000 $6.0S 12,200 ,006.10 S 12.200 8,000S 5.5044,000 0,000 55,000 0,000 5.50 55,000 6,000 s530,000 3,000S 5.00 15.000 82 200 Total 18,000 S 97,200 15,000 8,000 44,000 Answer is not complete. Cost of Goods Available for Sale Ending Inventory - Periodic LIFO # of units in ending inventory per unit LIFO Cost of #of Cost units Cost of Cost Available for Sale units soldper unit Inventory Sold Beginning Inventory 2000 $6.0S 12,200 3,000 x S 6.10 18,300 6,000530,000 18,000 0,000 55,000 0 5.50 49,500 6,000s 5.00 30,000 9,500 August 18 97,200 15,000 3,000 18,300 Answer is not complete. Cost of Goods Available for Sale Ending Inventory - Average Cost Cost of |Available for # of unit- in ending Average cost Average |Cost per Cost of Average Goods inventory Sold |of Cost per Inventory Ending per | sold Cost per Unit units unit unit 2,000 S 6.10S 12,200 0,000 55,000 6,00030,000 18,000 97,200 15,000

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