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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

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 150 units @ $10= $1,500
9 Purchase 1240 units @ $14= $3,360
14 Sale 1330 units @ $25
22 Purchase 2210 units @ $17= $3,570
29 Sale 2220 units @ $25
Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
Open spreadsheet
Required:
Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method.
Cost of goods sold $fill in the blank 2
Cost of ending inventory $fill in the blank 3

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