work Saved Altira Corporation provides the following information related to its merchandise in Aug.1 Inventory on hand-2,000 units; cost $5.30 each. 8 Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7,000 units. Check my work 28 Purchased 4,000 units for $5.00 each. 31 Inventory on hand-7,000 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. Complete this question by entering your answers in the tabs below. FIFO FIFO L IPO LIFO Average Cost of units Cost per Cost of Goods 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 statement using the 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 LIFO LIFO #of units Cost per Cost of #of units Cost per Available for Ending sold old unit u nitGoods Sold Inventory in ending Sale unit Inventory Beginning Inventory 2,000 $ 5.30 $ 10,600 $ 5.30 $ 5.30 Purchases: August 8 8,000 $ 5.50 44,000 $ 5.50 $ 5,50 6.000 August 18 $ 5.60 $ 5,60 $ 5.60 August 28 4,000 $ 5.80 5.80 $ 5.80 20,000 111.400 Tv Average cost > 9