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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug. 1 Inventory on hand-2,400 units cost $5.70 each. B Purchased 12,000 units for $5.90 each. 14 Sold 9,600 units for $12.40 cach. 18 Purchased 7,200 units for $6.00 each. 25 Sold 8,600 units for $11.40 each. 28 Purchased 4,400 units for $5.80 each. 31 Inventory on hand-7,800 units. Required: Jsing 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 nethods Complete this question by entering your answers in the tabs below. FIFO LIFO Average Cost Uvotine 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 2 method. (Round "Cost per Unit" to 2 decimal places.) Cast of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FB FIFO # of units sold Cost per unit Cost of Goods Sold of units in ending inventory Cost E per unit in Cost Cost of Goods #of units per unit Available for Sale 2.400 $ 5.70 S 13,680 $ 5.70 $ 5.70 Beginning Inventory Purchases: August 8 August 18 August 28 Total $5.90 $ 0.00 12,000 $ 5.90 7,200 $ 6.00 4,400 $ 5.80 26,000 70.800 43.200 25,620 153,200 $5.90 $ 6.00 $ 5,80 $ FO LIFO >

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