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 @ $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?