$($Appendix $6$B$)$ Inventory Costing Methods: Periodic LIFO

Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:

Assume that Filimonov 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

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inventory