Chapter 6 Homework (Appendix 6B) Inventory Costing Methods: Periodic FIFO 1. Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: 2. Date Description Units Purchased at Cost Units Sold at Retail 3. June 1 Beginning Inventory 150 units @ $10 = $1,500 4. 9 Purchase 1 200 units @ $12 = $2,400 14 Sale 1 300 units @ $25 5. 22 Purchase 2 250 units @ $15 = $3,750 6. 29 Sale 2 2 225 units @ $25 $ 7. Assume that Filimonov uses a periodic inventory system.