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Iron R Us began August with 50 units of iron Inventory that cost $35 each. During August, the company completed the following inventory transactions: (Click the icon to view the transactions.) Read the requirements Uncer or the Sons Tave been enormone perpetual recor, GC quay and out or merchandise versory purchased, s, and on neno the end of the period Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 50 $ 35 $ 1.750 3 45$ 35 $ 1,575 5 $ 35 $ 175 a 90 $ 54 $ 4,860 95$ 53 $ 5,035 21 85$ 53 $ 4,505 10$ 53 $ 530 30 15$ 58 $ 870 25 $ 56 $ 1.400 $ 105 5,730 Totals $ 130 6,080 $ 25 1.400 Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted-average inventory costing methods $ 6,070 The cost of goods sold amount for August using FIFO inventory costing is The cost of goods sold amount for August using LIFO inventory costing is Enter any number in the edit fields and then click Check Answer. Units Unit Cost Unit Sales Price Sale 45 $ 85 Purchase 90 $ 54 Aug. 3 Aug. 8 Aug. 21 Aug. 30 Sale 85 88 Purchase 15 58