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 Units Unit Cost Total Cost June Beginning inventory 16 $250 $ 4,000 June 7 Sale 11 June 12 Purchase 10 240 2,400 June 15 Sale 12 June 24 Purchase 10 230 2.300 June 27 Sale 8 June 29 Purchase 10 220 2,200 $10,900 1 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 LLaLLa VAL $250 AVAL $ 4,000 240 2,400 WALE June 1 June 7 June 12 June 15 June 24 June 27 June 29 Beginning inventory Salo Purchase Sale Purchase Sale Purchase 16 11 10 12 10 8 10 230 2,300 220 2,200 $ 10,900 2. Using FIFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold [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 Unit Cost $250 Total cost $ 4,000 240 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 2,400 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 16 11 10 12 10 B 10 230 2,300 220 2,200 $10,900 3. Using LIFO, calculate ending inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold 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. Unit Coat $250 Total Cont $ 4,000 240 2,400 Date June 1 June 2 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase Units 16 11 10 12 10 8 10 230 2,300 220 2,200 $10,900 4. Using weighted average cost, calculate ending inventory and cost of goods sold at June 30. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold