Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 00 units of Product A $1.600 total cost 5 Purchased 110 units of Product A $2.116 total cost 8 Purchased 210 units of Product AD 14416 total out 11 Sold 160 units of Product Calculate the August cost of goods sold and the ending inventory at August 31 using a first in first out, b) tast in first-out, and to 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 0 Cost of Goods Sold O 0. Latin first-out Ending inventory $ 0 Cost of Good Sold S 0 C. Weighted average cost Ending inventory $ 0 Cost of Goods Salds 0 Check