my WORK Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. 1 Inventory on hand-3,800 units; cost $7.10 each: & Purchased 19, eee units for $7.30 each 14 Sold 15,200 units for $13.88 each 18 Purchased 11,4ee units for $7.4e each 25 Sold 14,200 units for $12.80 each. 28 Purchased 5,8ee units for $5.00 each 31 Inventory on hand-10,6ee 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 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 Augu method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodi FIEO # of units Cost Cost of Goods Cost of units sold Cost of Goods # of units in ending Cost per unit Available for Sale per unit Sold inventory per unit Beginning Inventory 3,800 S 7.10 $ 26,980 $ 7.10 $ 710 Purchases August 8 19,000 $ 7.30 138,700 $ 7.30 $ 7.30 August 18 11,400 $ 7.40 84,360 $ 7.40 $ 7.40 August 28 5,800 $ 5.80 33,640 $ 5.80 Total 40,000 $ 283,680 FIFO LIFO > 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 cimal places.) Soods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO Cost Cost of Goods Cost Cost of Goods Cost # of units in ending #of units sold Ending er unit Available for Sale per unit inventory per unit Inventory $ 7.10 $ 26,980 $ 7.10 $ 7.10 Sold $ 7.30 $ 7.40 $ 5.80 $ 7.30 $ 7.40 138,700 B4,360 33,640 283,680 $ 7.30 $ 7.40 $ 5.80 $ FIFO LIFO > 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 Augu: LIFO method. (Round "Cost per Unit" to 2 decimal places) Cost of Goods Available for Sale Cost of Goods Sold - Periodic LIFO Ending Inventory - Periodic LIF LIFO Cost Cost of Goods Cost Cost of Goods # of units in Cost Ende # of units per Available for Sale # of units sold Sold per unit ending unit inventory per unit Inven Beginning Inventory 3,800 $7.10 S 26,980 $7.10 $ 7.10 Purchases August 8 19,000 $7.30 138,700 $ 7.30 $ 7.30 August 18 11,400 $ 740 84,360 $ 7.40 $ 7.40 August 28 5,800 $ 5.80 33,640 $ 5.80 Total 40,000 $ 283.680 FIFO LIFO Average Cost Ook Print 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 Augu cost method. (Round "Average cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory. Aver Average cost Unit Cost of Goods of units # of units in Average Average Cost Cost of Goods Cost Available for #of units sold Sold per Unit ending Cost per Sale inventory unit Beginning inventory 3,800 $ 7.10 $ 26,980 Purchases August 8 19.000 $ 730 138,700 August 10 11.400 $ 740 14,300 August 20 5,800 $ 5.00 33,040 Total 40.000 $ 283.680 References Arti Alin