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

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Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 5 Purchased 8 Purchased 11 Sold 90 units of Product A @ 110 units of Product A @ 210 units of Product A @ 160 units of Product A $1,600 total cost $2,116 total cost $4,416 total cost 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. A. First-in, first-out B. Last-in, first-out $ Ending Inventory Cost of Goods Sold $ C. Weighted-average cost $ Ending Inventory Cost of Goods Sold $ Ending Inventory $ Cost of Goods Sold $ Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system. August 1 Beginning inventory 5 Purchased 8 Purchased 11 Sold 90 units of Product A @ 110 units of Product A @ 210 units of Product A @ 160 units of Product A $1,600 total cost $2,116 total cost $4,416 total cost 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. A. First-in, first-out B. Last-in, first-out $ Ending Inventory Cost of Goods Sold $ C. Weighted-average cost $ Ending Inventory Cost of Goods Sold $ Ending Inventory $ Cost of Goods Sold $

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Valuation of the August cost of goods sold ending inventory as on August 31 under FIFO LIFO and Weig... View the full answer