$($Appendix $6$B$)$ Inventory Costing Methods: Periodic LIFO

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 @ $$11=$$$1,650,],[9,$Purchase $1,200$ units @ $$12=$$$2,400,],[14,$Sale $1,,300$ units @ $$25$