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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	10	150	1,500
June 15	Sale	12
June 24	Purchase	10	140	1,400
June 27	Sale	8
June 29	Purchase	9	130	1,170
				$6,630

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

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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	10	150	1,500
June 15	Sale	12
June 24	Purchase	10	140	1,400
June 27	Sale	8
June 29	Purchase	9	130	1,170
				$6,630

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

Required information

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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	10	150	1,500
June 15	Sale	12
June 24	Purchase	10	140	1,400
June 27	Sale	8
June 29	Purchase	9	130	1,170
				$6,630

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.)