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Required information [The following information applies to the questions displayed below] Eddy'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] 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. 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 fishing 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. Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below.] 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 syst 3. Using LIFO, calculate ending inventory and cost of goods sold at June 30 . Required information [The following information applies to the questions displayed below.] 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. 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.)

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