IHventory Costing: LIFO Filimonow Ine, has the following information rolatout w. ..... Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required anaysis, and input your answers in the question belon: Open spreadsheet Required: Calculate the cost of goods sold and the cost of ending inventory wsing the UFo inventory costing method, Fetusack T Check Uy Work For cost of goods sold using the LIFO inventory costing method, apply the following steps: Step 1: Calculate the cost of goods available for sale for the period. Step 2: Apply the inventory costing method recognizing that under Lifo, the most recent purchases (newest costs) are allocated to cost of goods wold