Inventory Costing MethodsPerpetual Method

Arrow Company is a retailer that uses the perpetual inventory system.

August	1	Beginning inventory	80	units of Product A @	$1,600	total cost
	5	Purchased	100	units of Product A @	$2,116	total cost
	8	Purchased	200	units of Product A @	$4,416	total cost
	11	Sold	170	units of Product A @	$4,800	total sale

Calculate the inventory cost of item A on August 11 (after the sale) 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.