1111 Cornerstone Exercise 6-32 Inventory Costing Methods: Periodic Average Cost (Appendix 6B) Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 200 units $10-$2,000 9 Purchase 1 300 units $12-$3,600 400 units $25 250 units $14-$3,500 29 Sale 2 225 units a $25 14 Sale 1 22 Purchase 2 Assume that the company uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.) Cost of goods sold i Cost of ending inventory