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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

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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 $200 $3,200 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 16 11 10 12 10 8 le 190 1,900 180 1,800 170 1,700 $8,600 2. Using FIFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold

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