Question 4 Big boss company has the following inventory, purchases, and sales data for August: Inventory: Aug.1 100 units @`5 Purchases: August 56600 units@`6 August11_300 units@8 August 23400 units @ '9 Sales: August 9400 units August 18500 units August 28200 units The company uses the periodic inventory system. The physical inventory count on August 31 shows 300 units on hand. Required Compute the cost of the inventory on hand on August 31 and the cost of goods sold for August under each of the following methods: (1) FIFO, (2) LIFO, and (3) Weighted Average Cost