Inventory Costing: FIFO

Filimonov Inc. has the following information related to purchases and sales of one its inventory items:

$\backslash$table$[[$Date $,$ Description,Units Purchased at Cost,Units Sold at Retail$],[$June $1$ Beginning Inventory,$150$ units @ $$8=$$$1,200,],[9$ Purchase $1,200$ units @ $$12=$$$2,400,300$ units @ $$25$