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Jimmle's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmle's Fishing Hole uses a periodic

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Jimmle's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Jimmle's Fishing Hole uses a periodic Inventory system Date TIADA Die Die Cont Total CORE June 1 Beginning inventory $200 $ 6,480 June 7 sais June 12 Purchase 10 270 2,700 June 15 Hale 12 June 24 Purchase 10 260 2.600 June 27 June 29 Purchase 2.500 12,20 10 250 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 Cont of goods sold

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