Please answer competely Altira Corporation provides the following information related to Its merchandise inventory during the month of August 2021:Aug.1 Inventory on hand-3,700 units; cost $7.00 each.8 Purchased 18,500 units for $7.20 each.14 Sold 14,s00 units for $13.70 each,18 Purchased 11,100 units for $7.30 each.25 Sold 13,800 units for $12.70 each.28 Purchased 5,700 units for $5.80 each.31 Inventory on hand-10,400 units.Required:Using calculations based on a perlodic 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 flowmethodsComplete this question by entering your answers in the tabs below.FIFOLIFOAverage CostDetermine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it woold report in its August 2021 incoLIFO method. (Round "Cost per Unit" to 2 decimal places)Cost of Goods Available for SaleCost of Goods Sold - Periodic LIFOEnding Inventory Periodic LIFOof units inendinginventoryLIEOCost# of unitsCost of GoodsAvailable for SaleCost Cost of Goodsper unitper*of units soldCostEndingAunitSoldper unit inventoryBeginning Inventory3,700 $7 00S25 00$7.00SS700

Name: Please answer competely Altira Corporation provides the following info
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please answer competely Altira Corporation provides the following information related to Its merchandise inventory during the month of August 2021:Aug.1 Inventory on hand-3,700 units; cost $7.00 each.8 Purchased 18,500 units for $7.20 each.14 Sold 14