Accounting Calculate FIFO, LIFO and Weighted Average using Periodic Inventory System. Need help with these questions. Thanks!

1. Kasmeer Inc. uses a periodic inventory system and only sells one product. Here is a summary of the activities for the month of August: Units Unit Cost Total Cost. August 1, inventory 500 $2.50 $1,250.00 Purchases: August 5 250 3.50 $875.00 August 10 175 4.50 $787.50 August 15 100 5.50 $550.00 Sales: August 11 550 August 19 375 Products were all sold at $10 each. All sales and purchases are on account with a credit term of 30 days. Besides the information above, no additional sales or purchases for the month of August. Required: Determine the ending inventory and cost of goods sold using: a. FIFO (2M) b. LIFO (2M) C. Weighted average (round unit cost to nearest cent) (2M) a. FIFO Calculations: COGS = $ Ending Inventory = $ b. LIFO Calculations: COGS = $ Ending Inventory = $ C. Weighted average (round unit cost to nearest cent) Calculations: COGS = $ Ending Inventory = $