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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 $16$ $$160$ $$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 $6-1$B $($Algo$)$ Part $3$

$3.$ Using LIFO, calculate ending inventory and cost of goods sold at June $30.$