Altira Corporation provides the following information related to its inventory during the month of August 2024:

August 1	Inventory on hand3,400 units; cost $6.00 each.
August 8	Purchased 13,600 units for $6.20 each.
August 14	Sold 10,200 units for $12.70 each.
August 18	Purchased 10,200 units for $6.30 each.
August 25	Sold 11,900 units for $11.70 each.
August 28	Purchased 6,800 units for $6.50 each.
August 31	Inventory on hand11,900 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.

\begin{tabular}{|l||l|l|} \hline FIFO & LIFO & Average Cost \\ \hline \end{tabular} 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 statem method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{FIFOBeginningInventory} & \multicolumn{4}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{4}{|c|}{ Cost of Goods Sold - Periodic FIFO } & \multicolumn{4}{|c|}{ Ending Inventory - Periodic FIFO } \\ \hline & \multirow{2}{*}{\begin{tabular}{|r|} Numberofunits \\ 3,400 \end{tabular}} & \multirow{2}{*}{\begin{tabular}{|r|} Costperunit \\ $6.00 \\ \end{tabular}} & \multicolumn{2}{|c|}{CostofGoodsAvailableforSale} & \multirow{2}{*}{\begin{tabular}{|r|} Numberofunitssold \\ 3,400 \\ \end{tabular}} & \multirow{2}{*}{\begin{tabular}{|r|} Costperunit \\ $6.00 \\ \end{tabular}} & \multicolumn{2}{|c|}{CostofGoodsSold} & \multirow{2}{*}{Numberofunitsinendinginventory} & \multirow{2}{*}{\begin{tabular}{|r|} Costperunit \\ $6.00 \\ \end{tabular}} & \multicolumn{2}{|c|}{EndingInventory} \\ \hline & & & $ & 20,400 & & & $ & 20,400 & & & $ & 0 \\ \hline \multicolumn{13}{|l|}{ Purchases: } \\ \hline August 8 & 13,600 & $6.20 & & 84,320 & 13,600 & $6.20 & & 84,320 & 0 & $6.20 & & 0 \\ \hline August 18 & 10,200 & $6.30 & & 64,260 & & $6.30 & & & & $6.30 & & \\ \hline August 28 & 6,800 & $6.50 & & 44,200 & 0 & $6.50 & & & 6,800 & $6.50 & & 44,200 \\ \hline Total & 34,000 & & $ & 213,180 & 17,000 & & $ & 104,720 & 6,800 & & $ & 44,200 \\ \hline \end{tabular} 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 LIFO method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{LIFO} & \multicolumn{4}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold - Periodic LIFO } & \multicolumn{3}{|c|}{ Ending Inventory - Periodic LIFO } \\ \hline & Numberofunits & Costperunit & & odsrSale & Numberofunitssold & Costperunit & CostofGoodsSold & Numberofunitsinendinginventory & Costperunit & EndingInventory \\ \hline Beginning Inventory & 3,400 & $6.00 & $ & 20,400 & & $6.00 & 0 & 7 & $6.00 & \\ \hline \multicolumn{11}{|l|}{ Purchases: } \\ \hline August 8 & 13,600 & $6.20 & & 84,320 & & $6.20 & & 7 & $6.20 & \\ \hline August 18 & 10,200 & $6.30 & & 64,260 & & $6.30 & & 7 & $6.30 & 0 \\ \hline August 28 & 6,800 & $6.50 & & 44,200 & & $6.50 & & & $6.50 & 0 \\ \hline Total & 34,000 & & $ & 213,180 & 0 & & $ & 0 & & $ \\ \hline \end{tabular} 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 statemen cost method. Note: Round "Average Cost per Unit" to 2 decimal places