Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Units Sold at Retail Units Purchased at Cost 150 units @ $12 = $1,800 220 units @ $17= $3,740 Date June 1 14 9 Purchase 1 22 Description Beginning inventory 29 Sale 1 Purchase 2 Sale 2 235 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. 240 units @ $19 = $4,560 X Open spreadsheet 270 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 Filmonov Inc. has the following information reluted to purchases and soles of one of its inventory items: Refer to the information for Fllmonov 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 analyst, and input your answers in the question below. Open spreadsheet Required: Caiculate the cost of goods sold and the cost of ending inventory using the LIfO inventory costing methed