Inventory Costing MethodsPeriodic Method Archer Company is a retailer that uses the periodic inventory system.
tableAugustBeginning inventory,units of Product A @$total costPurchased,units of Product A @$total costPurchased,units of Product A$total costSold,units of Product A
Calculate the August cost of goods sold and the ending inventory at August using a firstin firstout, b lastin firstout, and c the weightedaverage cost methods.
Do not round until your final answers. Round your final answers to the nearest dollar.
tableA Firstin firstout,Ending Inventory,$
