Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system August 1 Beginning inventory 5 Purchased 8 Purchased 11 Sold 90 units of Product A $1,600 total cost 110 units of Product A $2,116 total cost 210 units of Product A @ $4.416 total cost 160 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 5 4,628 x Cost of Goods Sold 3,504 X B. Last.in, first-out Ending Inventory $ 4,378 X Cost of Goods Sold 3.754 C. Weighted average cost Ending Inventory $ 4.494 x Cost of Goods Sold 5 3,638 x