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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 periodic inventory system. Units 16 Unit Cost $330 Total Cost $ 5,280 10 320 3,200 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 3,100 310 300 2,400 $13,988 2. Using FIFO, calculate ending Inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold
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