Return to Exercise 8-13 (Algo) Inventory cost flow methods; periodic system (L08-1,8-4) Altira Corporation provides the following information related to its merchandise Inventory during the month of August 2021; Aug. 1 Inventory on hand-3, 100 units; cost $6.40 each. 8 Purchased 15,500 units for $6.60 each. 14 Sold 12,400 units for $13.10 each. 18 Purchased 9,300 units for $6.70 each. 25 Sold 11,400 units for $12.10 each. 28 Purchased 5,100 units for $5.80 each. 31 Inventory on hand-9,200 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altita 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 per 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 Inco method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cout of Goods Sold - Periodic FIFO EIFO Cost Ending Inventory. Periodico of units Cost of Goods of units Cost Available for Sale Cost of unit per of unitsin ending Cost sold Goods Sold Ending unit Inventory per Beginning inventory Inventory uni 3,100 6.40 $ 19.840 3.700 6.40 3 23.680 Purchases 6.40 $ D $ August 15.500 6.60 102.300 11.100 6.60 73.260 4700 8 31.030 $ August 18 9,300 6.70 62,310 6.70 5.700 8.70 $ August 28 $ 5.100 29.580 5.80 Total 33.000 $ 214.030 14.800 95.90 10.400 3 19.210 38.100 5.80 CF LIFO)