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Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 1,780 units of Product A@ $1,600

Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system.

August 1 Beginning inventory 1,780 units of Product A@ $1,600 total cost
5 Purchased 1,700 units of Product A @ $2,116 total cost
8 Purchased 1,900 units of Product A @ $4,416 total cost
11 Sold 1,750 units of Product A

Calculate the August cost of goods sold and the ending inventory on 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.

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