(Appendix) Inventory Costing Methods: Periodic Weighted Average Cost}

Refer to the information for Filimonov Inc. in Cornerstone Exercise 6-20 above and assume that the company uses a periodic inventory system.

\section*{Required:}

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

Brief Exercise