Inventory Costing: FIFO 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 180 units @ $14 = $2,520 9 Purchase 1 290 units @ $17 = $4,930 14 Sale 1 260 units @ $25 22 Purchase 2 220 units @ $18 = $3,960 29 Sale 2 220 units @ $25 Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold $1 Cost of ending inventory $