a) 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.

ending inventory = ??

Costs of Goods Sold = 10,620

b) Using LIFO, calculate ending inventory and cost of goods sold at June 30.

Ending Inventory = ??

Costs of Goods Sold = ??

c) 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 = ??

Costs of Goods Sold = ??

Jimmie's Fishing Hole has the following transactions related to its top-selling Shlmano fishing reel for the month of June. Jimmie's Fishing Hole uses a periodic Inventory system. Cost per Transactions Units Beginning inventory Unit Total Cost $350 5,600 June 1 June 7 Sale 3,400 June 12 Purchase 340 June 15 Sale 330 June 24 Purchase 3.300 June 27 Sale June 29 Purchase 320 2.880 $15,180