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. Date Transactions Units Unit Cost Total Cost June 1 Beginning inventory 16 $35e June 7 Sale $ 5,600 12 June 12 Durchase le 34 3,400 June 15 Sale 12 June 24 Purchase 330 June 27 Sale June 29 Purchase 9 320 2.880 $15,180 le 3.30 5 2. Using FIFO. calculate ending Inventory and cost of goods sold at June 30. Answer is complete but not entirely correct. Ending inventory Cost of goods sold Is 4.2003 S4.2008 e N
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