Cornerstone Exercise 6-22 (Algorithmic) Inventory Costing: FIFO Bordeaux Company 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 150 units $9 $1,350 9 Purchase 1 200 units @ $12-$2,400 300 units $25 250 units $14-$3,500 225 units $25 14 Sale 1 22 Purchase 2 29 Sale 2 Assume that Bordeaux uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold Cost of ding inventory