Inventory Costing Methods$$Perpetual Method

Archer Company is a retailer that uses the perpetual inventory system. On August $1,$ it had $80$ units of product A at a total cost of $$1,600.$

On August $5,$ Archer purchased $100$ units of A for $$2,116.$ On August $8,$ it purchased $200$ units of A for $$4,416.$

On August $11,$ it sold $150$ units of A for $$4,800.$

Calculate the inventory cost of product A on August $11($after the sale$)$ using $($a$)$ first$-$in$,$ first$-$out, $($b$)$ last$-$in$,$ first$-$out, and

$($c$)$ the weighted$-$average cost methods. Round your final answers to the nearest dollar.

Ending inventory

a$.$ FIFO Answer

$0$

b$.$ LIFO Answer

c$.$ Weighted average Answer

$0$