Steel Mill began August with 50 units of iron inventory that cost $35 each. During August, the company completed the following inventory tra. IH: (Click the icon to view the transactions.) Read the requirements. Requirement 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted-average inventory costing methods. The cost of goods sold amount for Auguat using FIFO inventery costing is The cost of goods sold amount for Aagust using LiFO inventory costing is The cost of goods sold amount for August using weighted-averege inventory costing is Requirement 5. Compute gross profit for August using FIFO. LIFO, and woighted-average inventory costing methods