Required information [The following information applies to the questions displayed below.] Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmies Fishing Hole uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost June 1 Beginning inventory 16 $ 290 $ 4,640 June 7 Sale 11 June 12 Purchase 10 280 2,800 June 15 Sale 12 June 24 Purchase 10 270 2,700 June 27 Sale 8 June 29 Purchase 9 260 2,340 $ 12,480 3. Using LIFO, calculate ending inventory and cost of goods sold at June 30.