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Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory Items: Date Description Units Purchased at

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Inventory Costing: LIFO 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 230 units 514 - $3,220 9 Purchase 1 210 units $19 - $3,990 14 Sale 1 260 units $25 22 Purchase 2 300 units $22 - $6,600 Sale 2 290 units $25 Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system The 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. 29 X HT Open spreadsheet Required: Calculate the cost of goods sold and the cost of ending inventory using the uro inventory costing method Cost of goods sold Cost of ending inventory

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