Jimmie€™s Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June 2015:

Required:
1. Calculate ending inventory and cost of goods sold at June 30, 2015, using the specific identification method. The June 7 sale consists of fishing reels from beginning inventory, the June 15 sale consists of three fishing reels from beginning inventory and nine fishing reels from the June 12 purchase, and the June 27 sale consists of one fishing reel from beginning inventory and seven fishing reels from the June 24 purchase.
2. Using FIFO, calculate ending inventory and cost of goods sold at June 30, 2015.
3. Using LIFO, calculate ending inventory and cost of goods sold at June 30, 2015.
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30, 2015.

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Date Transactions Units Cost per Unit Total Cost 5,600 3,400 3,300 2,880 June Beginning inventory 6 June 7 June 12 June 15 June 24 June 27 June 29 Sale Purchase Sale Purchase Sale Purchase $350 340 330 10 12 10 320 $15,180