Inventory Costing: LIFO
Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:
DATA		Units Purchased at Cost			Units Sold at Retail
Date	Description	Quantity	Cost	Total Cost	Quantity	Price
June 1	Beginning inventory	200	$13	$2,600
9	Purchase 1	220	$15	$3,300
14	Sale 1				300	$25
22	Purchase 2	210	$16	$3,360
29	Sale 2				185	$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 LIFO inventory costing method.