Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 150 units of Product A @ $1,700 total cost 5 Purchased 170 units of Product A @ $2,716 total cost 8 Purchased 270 units of Product A $5,716 total cost 11 Sold 230 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 $ 0 0 B. Last-in, first-out 0 Ending Inventory $ Cost of Goods Sold $ C. Weighted average cost Ending Inventory $ Cost of Goods Sold $ 0