Required information

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

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Eddy's Fishing Hole has the following transactions related to its top$-$selling Shimano fishing reel for the month of June.

Eddy's Fishing Hole uses a periodic inventory system.

Problem $6-1$B $($Algo$)$ Part $2$

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

Ending inventory

Cost of goods sold