Cornerstone Exercise 6-23 (Algorithmic) Inventory Costing: LIFO 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 Description June 1 Beginning Inventory 150 units $6 $900 9 Purchase 1 200 units $12 $2,400 14 Sale 1 300 units @ $25 250 units @$14 $3,500 225 units @ $25 22 Purchase 2 29 Sale 2 Assume that Filimonov Inc. uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold Cost of ending inventory 450 X