Questions 1-4 (of 12) Save & Exit S The following information applies to the questions displayed below. Jimmie's Fishing Hole has the following transactions related to its top selling Shimao fishing reel for the month of June. Jimmie's Fishing Hole uses a Periodic nventory system. Cost per Date June 1 June 7 Jurne 12 June 15 June 24 June 27 June 29 Unlts Unlt Total Cost $150 2,400 1,400 1.300 960 $6,060 Beginning inventory 16 10 12 10 8 140 130 120 Sale Purchase Purchase 1. 083 points value Required information 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. Ending inventory Cost of goods sold 2. 083points value Required information 2. Using FIFO, calculate ending inventory and cost of goods sold at June 30 Ending inventory Cost of goods sold References eBook &Resources Worksheet Difficulty: 3 Hard Learning Objective: 06-03 Determine the cost of goods sold and ending inventory using different inventory cost methods valur 0.83 points Required information 3. Using LIFO, calculate ending inventory and cost of goods sold at June 30 Ending inventory Cost of goods sold References eBook & Resources Worksheet Difficulty: 3 Hard Leaning Objective: 06-03 Determine the cost of goods sold and ending inventory using different inventory cost methods valuc: Required information 0.83 points 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 References eBok & Resources Worksheet Difficulty: 3 Hard Learning Objective: 06-03 Determine the cost of goods sold and ending inventory using different inventory cost methods