Solve for FIFO, LIFO AND AVERAGE COST

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,300 units; cost $5.60 each. 8 Purchased 11,500 units for $5.80 each. 14 Sold 9,200 units for $12.30 each. 18 Purchased 6,900 units for $5.99 each. 25 Sold 8,200 units for $11.30 each. 28 Purchased 4,300 units for $5.80 each. 31 Inventory on hand-7,600 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 202 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. Complete this question by entering your answers in the tabs below. 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 it method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - P FIFO # of units in ending inventory Cost Cost of Goods # of units per unit Available for Sale 2200 5.60LS 12 A80? Cost of Goods Sold Cost # of units sold per unit 2300 5.60 C Beginning inventory 12 880 Lars Udbeu und URL HVEHUN S U UR Very UGG AWUUR TENNIS Aut ZULI 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. Complete this question by entering your answers in the tabs below. 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 August 2021 income method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO FIFO # of units Cost per unit Cost of Goods Available for Sale of units old Cost per unit Cost of Goods Sold of units in ending inventory Cost per unit Ending Inventory 2,300 $ 560 $ 12.880p 2.300 $ 560 S 12,880 E OS 560 S 11.500 Beginning Inventory Purchases August 8 August 18 August 28 Tot 66, 700 0 $ 5.80 $ 590 11,500 $ 580 69001 $590 4300 $ 580 25.000 66,700 40,710 24 940 145 230 $ 580 $5.90 5580 13,800 $ 79,580 0 UFO >