(Appendix 6B) Inventory Costing Methods: Periodic Average Cost Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Units Purchased at Cost Units Sold at Retail Date June 1 9 14 22 Description Beginning Inventory Purchase 1 Sale 1 Purchase 2 29 Sale 2 150 units @ $15= $2,250 200 units @ $12 = $2,400 250 units @ $14 = $3,500 Assume that Filimonov uses a periodic inventory system. 300 units @ $25 225 units @ $25 Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.) Cost of goods sold Cost of ending inventory

(Appendix 68) Inventory Costing Methodsi Periodic Average Cost. Filimonov inc. has the following information related to purchases and sales of one of its inventory iteons: Assume that filimonov uses a periodic inventory wstem. Required: Calculate the cost of goods sold and the cost of ending inventery using the average cost method. (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.)