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8 Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: points No.1 Inventory on hand).700 units cost $7.00 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for $7.30 each. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand-10, 400 units. Skloped book Hint 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 References 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 statement method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale FIFO of units Ending Inventory. Periodie FIFO of units in ending Cost Ending Inventory per un inventory Cost Cost of Goods Available for Sale Cost of Goods Sold. Periode FIFO of Cost Cost of Goods sold Sold 5 000 Beginning inventory Purchases $ 0.005 August Aug 18 August 28 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 LO > FIFO LIFOR Average cost Determine the inventory balance Atira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement UFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Ending Inventory Periodic UFO LEO Cost Cost Goods of units in Cost of Goods Cont a of units sold Available for Sale Sold ending per un inventory Inventory Beginning inventory $0.00 $ $ 0.00 Purchases $ 0.00 $ 0.00 August 18 $ 0.00 $ 0.00 August 29 $ 0.00 Average Cent> 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 statement cost method. (Round "Average cost per Unit" to 2 decimal places.) Cost of Goods Sold - Average Cost Arte Cost Cost of Goods Available for Sale Cost of Goods Available for Sale Cost of Goods Ending Inventory Average Cost of units in Average Ending anding Cost per yeary Inventory of units of units old Average Cost per Unit Cost Sold Beginning inventory Purchases August Aug 18 August 28