Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 110 5 Purchased units of Product A @ $1,600 total cost 8 Purchased 11 Sold 130 units of Product A @ 230 units of Product A @ 180 units of Product A $2,116 total cost $4,416 total cost 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 $ $ 0 x 0 x B. Last-in, first-out Ending Inventory Cost of Goods Sold $ $ 0 x 0 x C. Weighted-average cost Check Ending Inventory $ 0 x Cost of Goods Sold $ 0 x