Question: Please provide the work for your answer. I am having a bit of difficulty figuring out this question. Altira Corporation provides the following information related

Please provide the work for your answer. I am having a

Please provide the work for your answer. I am having a bit of difficulty figuring out this question.

Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,800 units; cost $5.70 each. August 8 Purchased 11,200 units for $5.90 each. August 14 Sold 8,400 units for $12.40 each. August 18 Purchased 8,400 units for $6.00 each. August 25 Sold 9,800 units for $11.40 each. August 28 Purchased 5,600 units for $6.20 each. August 31 Inventory on hand-9, 800 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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 the LIFO method

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