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

Inventory Costing: LIFO
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,180 units @ $13=$2,340,],[9,Purchase 1,260 units @ $17=$4,420,],[14,Sale 1,,340 units @ $25
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