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

Required information
Problem 6-1B (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3)
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[The following information applies to the questions displayed below.]
Codys Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Codys Fishing Hole uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
June 1 Beginning inventory 16 $160 $2,560
June 7 Sale 11
June 12 Purchase 101501,500
June 15 Sale 12
June 24 Purchase 101401,400
June 27 Sale 8
June 29 Purchase 91301,170
$6,630
Problem 6-1B (Algo) Part 4
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30.(Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)

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