Cornerstone Exercise 6-21 Inventory Costing: Weighted Average Filimonov Inc. has the following information related to purchases...

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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 Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 200 units @ $10 = $2,000 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 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 Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 200 units @ $10 = $2,000 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