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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-4,890 units; cost $7.30 each. 8 Purchased 20,800 units for $7.50 each. 14 Sold 16,88 units for $14.00 each. 18 Purchased 12,800 units for $7.60 each. 25 Sold 15,eee units for $13.00 each. 28 Purchased 6,eee units for $5.80 each. 31 Inventory on hand-11,eee 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 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 statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places.) Cost of Goods Sold - Average Cost Average Cost Cost of Goods Available for Sale Unit Cost of Goods # of units Cost Available for Sale Average Cost per Unit # of units sold Ending Inventory - Average Cost # of units in Average Ending ending Cost per inventory unit Inventory Cost of Goods Sold 4,000 $ 7.30 $ 29,200 20,000 Beginning Inventory Purchases August 8 August 18 August 28 Total 12.000 $ 7.50 $ 7.60 $ 5.80 150.000 91,200 34,800 305,200 6,000 42,000 S $ $ 0 S 0

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