. 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. Find the end invetory and cost of goods?

Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmies Fishing Hole uses a periodic inventory system.

Date			Transactions	Units	Unit Cost					Total Cost
June	1		Beginning inventory	16		$	340				$	5,440
June	7		Sale	11
June	12		Purchase	10			330					3,300
June	15		Sale	12
June	24		Purchase	10			320					3,200
June	27		Sale	8
June	29		Purchase	10			310					3,100
											$	15,040