(Appendix 68) Inventory Costing Methods: Periodic Average Cost Filimonov Inc. has the following information related to purchases and sales of one of its inventory items Date Description Units Sold at Retail June 1 Beginning Inventory Purchase 1 Units Purchased at Cost 150 units $7 = $1,050 200 units $12 $2,400 9 14 Sale 1 300 units $25 22 250 units. $14 - $3,500 Purchase 2 Sale 2 225 units $25 29 Assume that Filimonov 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 Cost of ending Inventory