eBook Calculator Cornerstone Exercise 6-24 Inventory Costing: Average Cost 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 a $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 Assume that the company uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending Inventory using the average cost method. (Note: Round per-unit calculations to two decimal places.) Cost of goods sold Cost of ending inventory