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2. Using FIFO, calculate ending inventory and cost of goods sold at June 30 Ending inventory Cost of goods sold 3. Required informati 3. Using
2. Using FIFO, calculate ending inventory and cost of goods sold at June 30 Ending inventory Cost of goods sold 3. Required informati 3. Using LIFO, calculate ending inventory and cost of goods sold at June 30 Ending inventory Cost of goods sold 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold [The following information applies to the questions displayed below.] Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmie's Fishing Hole uses a periodic inventory system. Cost per Total Cost Date Transactions Units Unit $280 4,480 June Beginning inventory Sale 16 June 7 11 2,700 June 12 Purchase 10 270 June 15 Sale 12 2.600 June 24 Purchase 10 260 June 27 Sale 8 Purchase 10 250 2,500 June 29 $12,280 1. Required information Required: 1. Calculate ending inventory and cost of goods sold at June 30, 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
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