lifo, fifo and average cost

Altira Corporation provides the following information related to its inventory during the month of August 2024: Auguet 1 Inventory on hand 4,800 unita; cout $6.70 aach. Auguat 8 Purchaned 19,200 unita for 56.90 each. Maguat 14 Bold 14,400 unita for $13,40 each. Mugust 1 Purebased 14,400 unite for $7,00 each. kugust 25 fold 16,800 unita for $12.40 each. Auguet 28 purchased 9,600 unite for $2,20 each. Auguat 31 Inventory on hand-16, 800 unila. Required: Using calculations based on a periodic inventory system, determine the inventory balance Alira would report in its August 31,2024. balance sheet and the cost of goods sold it would report in its August 2024 income statement using each of the following cost fiow methods. Complete this question by entering your answers in the tabs below. Determine the inventory balance Altira would report in its August 31,2024 , balance sheet and the cost of goods sold it would report in its August 2024 in method