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Cornerstone Exercise 6-32 (Algorithmic) Inventory Costing Methods: Periodic Average Cost (Appendix 6B) Filimonov inc. has the following information related to purchases and sales of one

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Cornerstone Exercise 6-32 (Algorithmic) Inventory Costing Methods: Periodic Average Cost (Appendix 6B) Filimonov inc. has the following information related to purchases and sales of one of its inventory items: Assume that Filimonov uses a periodic inventory system. Required: Caiculate 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 doliar.) Cost of goods sold x Cost of ending inventory

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