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Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system....

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Accounting

Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system.
\table[[August,1,Beginning inventory,230,units of Product A @,$3,100,total cost],[,5,Purchased,250,units of Product A @,$3,616,total cost],[,8,Purchased,350,units of Product A,$5,916,total cost],[,11,Sold,300,units of Product A,,]]
Calculate the August cost of goods sold and the ending inventory at August 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.
Do not round until your final answers. Round your final answers to the nearest dollar.
\table[[A. First-in, first-out,Ending Inventory,$,0x
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