Required information [The following information applies to the questions displayed below.] Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmie's Fishing Hole uses a periodic inventory system. Date June 1 Transactions Units Unit Cost Beginning inventory 16 $290 Total Cost $ 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 2. Using FIFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold