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Cornerstone Exercise 6-21 Inventory Costing: Weighted Average Filimonov Inc. has the following information related to purchases and sales of one of its inventory items.

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Cornerstone Exercise 6-21 Inventory Costing: Weighted Average Filimonov Inc. has the following information related to purchases and sales of one of its inventory items. Date Description June 1 Beginning Inventory Units Purchased at Cost 200 units $10 - $2,000 Units Sold at Retail 9 Purchase 1 300 units @ $12 - $3,600 14 Sale 1 400 units @ $25 22 Purchase 2 250 units $14-$3,500 29 Sale 2 225 units $25 The company uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the weighted average 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

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