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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

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 $ 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

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

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