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6-1B (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) Skip to question [The following information applies to the questions
6-1B (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) Skip to question [The following information applies to the questions displayed below.] George's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. George's Fishing Hole uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost June 1 Beginning inventory 16 $330 $5,280 June 7 Sale 11 June 12 Purchase 10 320 3,200 June 15 Sale 12 June 24 Purchase 10 310 3,100 June 27 Sale 8 June 29 Purchase 8 300 2,400 $13,980 Problem 6-1B (Algo) Part 4 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30
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