(Solution) - Refer to the information for Filimonov Inc and assume that -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system.

Required:
Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method.