Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 230 units of Product A @ 5 Purchased 8 Purchased 250 units of Product A @ 350 units of Product A @ 300 units of Product A 11 Sold 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 B. Last-in, first-out C Weighted-average cost Check Ending Inventory $ Cost of Goods Sold $ Ending Inventory $ Cost of Goods Sold $ $3,100 total cost $3,616 total cost $5,916 total cost Ending Inventory $ Cost of Goods Sold $ 8,520 4,112 7,561 5,071 8,066 0 x

Inventory Costing Methods-Periodic Method Avcher Company is a retaler that uses the periodic inventory system Calculste the August cost of goods sold and the ending inventory at August 31 uving (a) first-in, first-out, (b) lastin, firstout, and (c) the wesghed-2verage cost methods. Do not round until your final andwers: Round your final answers to the nearest dollar