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Inventory Costing Methods - Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 8 0 units of

Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system.
August 1 Beginning inventory 80 units of Product A @ $1,800 total cost 5 Purchased 100 units of Product A @ $2,400 total cost 8 Purchased 200 units of Product A @ $4,420 total cost 11 Sold 150 units of Product A
Calculate the August cost of goods sold and the ending inventory at August 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.
Do not round until your final answers. Round your final answers to the nearest dollar.
A. First-in, first-out Ending Inventory Cost of Goods Sold B. Last-in, first-out Ending Inventory Cost of Goods Sold C. Weighted-average cost Ending Inventory Cost of Goods Sold

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