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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

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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 Transactions cost June 1 Beginnine nventory 15,60 June 7 Sale June 2 Purchase Tune 15 June 24 Purchase 350 une 27 June 20 Purchase ba $15, Sate Required: 1. Calculate ending inventory and cost of goods sold at June 30, using the specific identification method. The June 7 sale consists of fishing reels from beginning inventory the June 15 sale consists of three thing reels from beginning inventory and nine fishing reels from the June 12 purchase, and the June 27 sale consists of one fishing reel from beginning inventory and seven fishing reels from the June 24 purchase Ending inventory Cost of goods sold

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