$($Appendix $6$B$)$ Inventory Costing Methods: Periodic Average Cost

Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:

$\backslash$table$[[$Date$,$Description,Units Purchased at Cost,Units Sold at Retail$],[$June $1,$Beginning Inventory,$150$ units @ $$8=$$$1,200,],[9,$Purchase $1,200$ units @ $$12=$$$2,400,],[14,$Sale $1,,],[22,$Purchase $2,250$ units @ $$14=$$$3,500,300$ units @ $$25],[29,$Sale $2,,225$ units @ $$25$