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Check my wor Exercise 8-13 Inventory cost flow methods; periodic system [LO8-1, 8-4 Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2018 is available 10 Aug.1 Inventory on hand-10,500 units: cost $8.80 each 8 Purchased 30,000 units for $7.50 each. 14 Sold 21,000 units for $14.00 each. 18 Purchased 16,000 units for $7.00 each. 25 Sold 20,000 units for $13.00 each. 31 Inventory on hand-15,500 units. Print Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using each of the following cost flow methods: Complete this question by entering your answers in the tabs below. LIFO balance Altira would report in its August 31, 2018, sheet and the cost of goods soid it would report in its August the i using for ot Cost ot Goods | # of units Cost per Cost of LIFO in ending Next >