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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
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. Date Transactions Units Unit Cost Total Cost June 1 Beginning inventory 16 $200 $3,200 June 7 Sale 11 June 12 Purchase 10 190 1,900 June 15 Sale 12 June 24 June 27 June 29 Purchase Sale 10 180 1,800 8 Purchase 10 170 1,700 $8,600 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
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