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

Skip to question

$[$The following information applies to the questions displayed below.$]$

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 $2$

$2.$ Using FIFO, calculate ending inventory and cost of goods sold at June $30.$