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. Date Transactions June 1 Beginning inventory June 7 Sale June 12 Purchase June 15 Sale June 24 Purchase June 27 June 29 Sale Purchase Units Unit Cost Total Cost 16 $320 $5,120 11 10 310 3,100 12 10 2080 300 3,000 9 290 2,610 $13,830 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. Ending inventory Cost of goods sold