Question Content Area 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 210 units @ $11 = $2,310 9 Purchase 1 280 units @ $17 = $4,760 14 Sale 1 320 units @ $25 22 Purchase 2 260 units @ $19 = $4,940 29 Sale 2 245 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. Open spreadsheet Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method.

Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. Open spreadsheet 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