The accounting records of Old Towne Electronics show the following data. (3) Qour arswer is incorrect. Determine cost of goods sold during the period under a pariodicirventory oystem using the FIF O method, (Round answer to O decimal places, es 1,250. Determine cost of goods sold during the period under a periodic inventory system using the LIFO method. (Round answer to 0 decimal places, es. 1,250.)