Problem $6-1$B $($Algo$)$ Calculate ending inventory and cost of goods sold for four inventory methods $($LO$6-3)$

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Cody$$s Fishing Hole has the following transactions related to its top$-$selling Shimano fishing reel for the month of June. Cody$$s Fishing Hole uses a periodic inventory system.

Date Transactions Units Unit Cost Total Cost

June $1$ Beginning inventory $16$ $$340$ $$5,440$

June $7$ Sale $11$

June $12$ Purchase $103303,300$

June $15$ Sale $12$

June $24$ Purchase $103203,200$

June $27$ Sale $8$

June $29$ Purchase $103103,100$

$$15,040$

Problem $6-1$B $($Algo$)$ Part $1$

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.