Required information [The following information applies to the questions displayed below.] Jimmie's Fishing Hole has...
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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 for the month of June. Jimmie's Fishing Hole uses a periodic inventory system. Units 16 Unit Cost $200 Total Cost $3,200 190 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 1,900 Transactions Beginning inventory Sale Purchase Sale Purchase Sale Purchase 180 1,800 1,700 $8,600 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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