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please give an explaintion without use schedules. Calculator Cornerstone Exercise 6-24 (Algorithmic) Inventory Costing: Average Cost Filimonov Inc. has the following information related to purchases

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Calculator Cornerstone Exercise 6-24 (Algorithmic) Inventory Costing: Average Cost Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Units Sold at Retail Date Description Units Purchased at Cost 150 units @$10 $1,500 June 1 Beginning Inventory 200 units @$12 $2,400 9 Purchase 1 14 Sale 1 300 units @ $25 250 units@ $14 22 Purchase 2 $3,500 232 units @ $25 29 Sale 2 Assume that Filimonov uses a perpetual inventory system. Required Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Round per-unit calcula Cost of goods sold 6,561.33 X Cost of ending inventory

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