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Archer Company is a retailer that uses the perpetual inventory system. August 1 Beginning inventory...

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Accounting

Archer Company is a retailer that uses the perpetual inventory system. August 1 Beginning inventory 110 units of Product A @ $1,600 total cost 5 Purchased 130 units of Product A @ $2,116 total cost 8 Purchased 230 units of Product A @ $4,416 total cost 11 Sold 180 units of Product A 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.

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