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[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

[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. Cost per Total Cost Date Transactions Units Unit June 1 $350 5.600 Beginning inventory June 7 Sale 340 3,400 June 12 Purchase June 15 Sale 330 3,300 June 24 Purchase June 27 Sale 320 2.880 June 29 Purchase $15.180

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