eBook Calculator Cornerstone Exercise 6-30 (Algorithmic) Inventory Costing Methods: Periodic FIFO (Appendix 6B) Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Description Units Sold at Retail Date June 1 9 14 22 Units Purchased at Cost 150 units @ $10 - $1,500 200 units @ $12 - $2,400 Beginning Inventory Purchase 1 Sale 1 Purchase 2 300 units @ $25 250 units @ $19 = $4,750 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 the FIFO inventory costing method. Cost of goods sold Cost of ending inventory