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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
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 perlodic inventory system. Transactions Units Unit Cost Date Total Cost Beginning inventory $330 5,280 June 1 June 7 16 Sale 11 3,200 June 12 Purchase 10 320 June 15 Sale 12 June 24 Purchase 10 310 3,100 June 27 Sale 8 Purchase 2,400 June 29 8 300 $13,980 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
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