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 @ $8 = $1,200

9 Purchase 1 200 units @ $12 = $2,400

14 Sale 1 300 units @ $25

22 Purchase 2 250 units @ $14 = $3,500

29 Sale 2 225 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 LIFO inventory costing method.

Cost of goods sold $

Cost of ending inventory $