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 150 units $10 - $1,500 9 Purchase 1 200 units $12 - $2,400 14 Sale 1 300 units $25 22 Purchase 2 250 units $14 - $3,500 29 Sale 2 233 units @ $25 Assume that Filimonov 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 and final answers to two decimal places.) Cost of goods sold Cost of ending inventory 906.08 X Chad My Wor For cost of goods sold and cost of ending inventory using the average cost method apply to towing Step 1: Calculate the cost of goods able for sale immediately prior to the sale transaction tep 2 Apply the inventory costing method, recogniting that under average cost, the cost of goods available for sale allocated between ending inventory and cost of goods sold based on a weighted average cost of the goods available for sale cost of goods available for sale Huntsvable for sale Step 3: Repeat the first two steps for all inventory transactions during the period