Jimmie's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the...

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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 Unit Cost Total Cost $230 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale $3,680 16 11 10 12 10 220 2,280 210 2,100 Purchase Sale Purchase 2,000 $9,980 10 200 4. Using welghted-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 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 Unit Cost Total Cost $230 Date June 1 June 7 June 12 June 15 June 24 June 27 June 29 Transactions Beginning inventory Sale Purchase Sale $3,680 16 11 10 12 10 220 2,280 210 2,100 Purchase Sale Purchase 2,000 $9,980 10 200 4. Using welghted-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

Answer rating: 100% (QA)

solution ending inventory 3255 cost of goods sold 6277 WEIGHTED AVERAGE ... View the full answer