solve for lifo and average cost

Altra Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand 2,100 units cost 56.10 each 8 Purchased 14,000 units for $6.30 each 14 Sold 11, 200 units for $12.30 each 18 Purchased 8,400 units for $6.40 each 25 Sold 10,200 units for $11.30 cach. 28 Purchased 4,500 units for $5.50 each 31 Inventory on hand 3.600 units. Required: Using calculations based on a periodic inventory system, determine the inventory balance Altra 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 Complete this question by entering your answers in the tabs below. LIFO Average Cost Determine the inventory balance Altra 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 LIFO method. Round cost per unit to 2 decimal places.) Cost of Goods Avallable for sale Cost Cost of Goods of units per Available for Sale Cost of Goods sold Parlodic LiFo | Cost Cost of Goods LED solder Ending Inventory Porfodic LIFO. of units in cont Ending ending per un inventory 2300 56.10 5 17.000 2.000 Beginning inventory 56.10 $ 17. 080 6.10 0 5 August August 18 August 2 14.000 5630 3.000 56.40 38. 200 53,760 27,840 106 5 630 84005640 800 S500 200 53,750 27 540 51760 FIFO Average Cont>