Inventory Costing: FIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Units Purchased at Cost June 1 Beginning Inventory150 units$9-$1,350 200 units @$12 $2,400 Date Description Units Sold at Retail 9 Purchase 1 14 Sale 1 22 Purchase 2 29 Sale 2 300 units@ $25 250 units $14-$3,500 225 units@ $25 perpetual inventory system Assume that Filimonov uses a Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold Cost of ending inventory