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Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Assume that Filimonov uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note:Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.)DateDescriptionUnits Purchased at CostUnits Sold at RetailJune 1Beginning Inventory150 units @ $10 = $1,5009Purchase 1200 units @ $12 = $2,40014Sale 1300 units @ $2522Purchase 2250 units @ $14 = $3,50029Sale 2225 units @ $25.

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Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Assume that Filimonov uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note:Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.)DateDescriptionUnits Purchased at CostUnits Sold at RetailJune 1Beginning Inventory150 units @ $10 = $1,5009Purchase 1200 units @ $12 = $2,40014Sale 1300 units @ $2522Purchase 2250 units @ $14 = $3,50029Sale 2225 units @ $25

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