Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Date Units Sold at Retail Units Purchased at Cost 160 units @ $11 = $1,760 290 units @ $14 = $4,060 June 1 9 14 Sale 1 Purchase 2 Sale 2 200 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. 22 Description 29 Beginning inventory Purchase 1 X Open spreadsheet 210 units @ $17 = $3,570 310 units @ $25 Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold Cost of ending inventory

Inventory Costing: LIFO Filimonov inc has the following information related to purchases and sales of one of its ioventory items: Refer to the information for Famonov inc. and assume that the compary uses a perpetual inventory system. Open apreadsheet Required: Calculate the cost of goods sold and the cost of ending inventary using the twro inventary costing method