Altira Corporation provides the following Information related to its merchandise Inventory during the month of August 2021: Aug.1 Inventory on hand-4, eee units; cost $7.30 each. 8 Purchased 20,eee units for $7.50 each. 14 Sold 16,000 units for $14.00 each. 18 Purchased 12,eee units for $7.60 each. 25 Sold 15,000 units for $13.00 each 28 Purchased 6,000 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 FIFO method. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Periodic FIFO Ending Inventory - Periodic FIFO FIFO # of units sold Cost per unit Cost of Goods Sold # of units in ending # inventory Cost Cost of Goods # of units per unit Available for Sale 4.000 $ 7.30 S 29,200 Cost Ending per unit Inventory 4.000 $ 7.30 $ $ $ 29,200 $ 7.30 $ S 0 0 Beginning Inventory Purchases: August 8 August 18 August 28 Total 150,000 91,200 34,800 $ 7.50 $ 7.60 20.000 $ 7.50 $ 12.000 $ 7.60 $ 6.000 $ 5.80 42.000 $ 7.50 $ 7.60 $ 5.80 S 305,200 4.000 $ 29.200 0 $ 0 FIFO LIFO >