Cornerstone Exercise 6-32 Inventory Costing Methods: Periodic Average Cost (Appendix 68) 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 22 Purchase 2 400 units $251 250 units $14-$3,500 225 units $25 29 Sale 2 Assume that the company uses a periodic inventory system. Required: Calculate 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 dollar) Cost of goods sold Cost of ending inventory