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Inventory Costing: FIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: table [ [ Date

Inventory Costing: FIFO
Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:
\table[[Date , Description,Units Purchased at Cost,Units Sold at Retail],[June 1 Beginning Inventory,150 units @$10=$1,500,],[9 Purchase 1,200 units @$12=$2,400,],[14 Sale 1,,300 units @ $25
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