ce Problems Soved [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. Unit Cost $280 Total Cost $ 4,480 270 Date June 1 June 7 June 12 June 15 June June 27 June 29 2,780 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 16 11 10 12 10 8 10 260 2,600 250 2,500 $12,280 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. $ 15 Ending inventory Cost of goods sold $ 12.30 ducation.com/ext/map/index.html?_con-con&external_browserlaunchurl=http%253A%252F%252Fmiddle.commomida Chapter x ctice Problems Required information [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, Unit Cost Total Cost $280 $ 4,480 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 270 Units 16 11 10 12 10 8 10 2,700 260 2,600 250 2,500 $12,280 3. Using LIFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold