Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-3,200 units; cost $5.90 each. August 8 Purchased 12,800 units for $6.10 each. August 14 Sold 9,600 units for $12.60 each. August 18 Purchased 9,600 units for $6.20 each.. August 25 Sold 11,200 units for $11.60 each. August 28 Purchased 6,400 units for $6.40 each. August 31 Inventory on hand-11,200 units. Required: Using calculations based on a periodic inventory system, 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 income statement using each of the following cost flow methods. 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 income statement using the Average cost method. Note: Round Average Cost per Unit to 2 decimal places. Average Cost Beginning Inventory Purchases: August 8 August 18 August 28 Total Cost of Goods Available for Sale Cost of Goods Available for Sale Number of units 3,200 Unit Cost $5.90 S 12,800 $ 6.10 9.600 $ 6.20 6,400 S 6.40 32.000 $ 18,880 78,080 59,520 40,960 197,440 Cost of Goods Sold - Average Cost Average Cost per Unit Number of units sold Cost of Goods Sold $ 0 Ending Inventory - Average Cost Number of Average units in ending Cost per inventory unit Ending Inventory 0