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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 Unit Cost $330 Total Cost $ 5,280 320 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 3,200 3,100 2,400 $13,980 3. Using LIFO, calculate ending Inventory and cost of goods sold at June 30. Ending inventory Cost of goods sold
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