Exercise 8-13 (Algo) Inventory cost flow methods, periodic system (LU8-1, 8-4) Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: 15.38 points Aug.1 Inventory on hand-3,900 units; cost $7.20 each. 8 Purchased 19,500 units for $7.40 each. 14 Sold 15,600 units for $13.90 each. 18 Purchased 11,700 units for $7.50 each. 25 Sold 14,600 units for $12.90 each. 28 Purchased 5,900 units for $5.80 each. 31 Inventory on hand-10,800 units. (8 02:50:35 eBook 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. Print Complete this question by entering your answers in the tabs below. References 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 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 # of units in ending Inventory Cost Ending per unit Inventory 3,900 0 $ 7.20 $ Cost Cost of Goods Available Cost Cost of Goods # of units sold per unit for Sale per unit Sold $ 7.20 $ x $ 28,080 This is a numeric cell, so please enter numbers only. $ 7.40 144.300 $ 7.50 87.750 $ 7.50 $ 5.80 34,220 294,350 23,400 | S 172,380 Beginning Inventory Purchases: August 8 August 18 August 28 Total 0 $ 7.40 $ 7.50 19,500 11,700 5,900 41,000 $ 5.80