> Chapter 6 Homework (Appendix 6B) Inventory Costing Methods: Periodic LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Units Sold at Retail Units Purchased at Cost 150 units @ $10 = $1,500 200 units @ $12 = $2,400 Date June 1 Beginning Inventory 9 Purchase 1 Sale 1 Purchase 2 Sale 2 Assume that Filimonov uses a periodic inventory system. 14 22 Description 29 250 units @ $14 = $3,500 300 units @ $25 225 units @ $25 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

(Appendix 6B) 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 inventory