Refer to the information for Filimonov Inc. in the box above. Assume that Filimonov uses a perpetual inventory system.

Required:

Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Use four decimal places for per unit calculations and round all other numbers to the nearestdollar.)

Transcribed Image Text:

Units Sold at Retail Date Description Units Purchased at Cost June 1 14 29 Beginning Inventory 150 units Purchase 1 Sale 1 Purchase 2 Sale 2 $10 $1,500 200 units $12 $2,400 300 units $25 250 units $14 $3,500 225 units $25