Date June 1 Cornerstone Exercise 6-32 (Algorithmic) Inventory Costing Methods: Periodic Average Cost (Appendix 6B) Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Description Units Purchased at Cost Units Sold at Retail Beginning Inventory 150 units @ $14 - $2,100 9 Purchase 1 200 units @ $12 - $2,400 14 Sale 1 300 units @ $25 Purchase 2 250 units 0 $14 - $3,500 29 Sale 2 225 units @ $25 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 22 Cost of ending inventory