Date June 1 Transactions Unite Unit Cont Total Cost Beginning inventory 16- $180 $2,880 June 7 Sele 11 June 12 June 15 June 24 Purchase 10 170 1,700 Sale 12 June 27 June 29 Purchase Sale 10 160 1,600 B Purchase B 150 1,200 $7,380 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 th June 24 purchase. Ending inventory Cost of goods sold 2. Using FIFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold 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 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. Ending inventory Cost of goods sold 2. Using FIFO, calculate ending Inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold 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 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. Unite Unit Cost Total Cost Transactions June 1 June 7 Beginning inventory 16 $180 $2,980 Sale 11 June 12 Purchase 10 170 1,700 June 15 Bale 12 June 24 June 27 Purchase 10 160 1,600 Bale 9 June 29 Purchase 8 150 1,200 $7,380