600 is incorrect

dssighm Kedunprogress=false Cornerstone Exercise 6-31 Inventory Costing Methods: Periodic LIFO (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 200 units @$10 $2,000 June 1 Beginning Inventory 9 Purchase 1 300 units@$12 = $3,600 14 Sale 1 400 units@$25 250 units@$14 = $ 3,500 22 Purchase 2 29 Sale 2 225 units@$25 Assume that the company uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold Cost of ending inventory 600