Mathematics, 17.07.2019 16:20 aaronw3743

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.
find
2. using fifo, calculate ending inventory and cost of goods sold at june 30.
date transactions units unit cost total cost
june 1 beginning inventory 16 $ 340 $ 5,440
june 7 sale 11
june 12 purchase 10 330 3,300
june 15 sale 12
june 24 purchase 10 320 3,200
june 27 sale 8
june 29 purchase 10 310 3,100
$ 15,040

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jimmie’s fishing hole has the following transactions related to its top-selling shimano fishing reel...