Required information Problem $6-1$B $($Algo$)$ Calculate ending inventory and cost of goods sold for four inventory methods $($LO$63)[$The following information applies to the questions displayed below.$]$ George's Fishing Hole has the following transactions related to its top$-$selling Shimano fishing reel for the month of June. George's Fishing Hole uses a periodic inventory system. Problem $6-1$B $($Algo$)$

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

Date Transactions Units Unit Cost Total Cost

June $1$ Beginning inventory $16$ $$270$ $$4,320$

June $7$ Sale $11$

June $12$ Purchase $102602,600$

June $15$ Sale $12$

June $24$ Purchase $102502,500$

June $27$ Sale $8$

June $29$ Purchase $82401,920$

$$11,340$

$!$

Required information

Problem $6-1$B $($Algo$)$ Calculate ending inventory and cost of goods sold for four inventory methods $($LO$6-$

$[$The following information applies to the questions displayed below.$]$

George's Fishing Hole has the following transactions related to its top$-$selling Shimano fishing reel for the month of June.

George's Fishing Hole uses a periodic inventory system.

Prob

$1.$ 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.

$2.$ Using FIFO, calculate ending inventory and cost of goods sold at June $30.$

Part $33.$ Using LIFO, calculate ending inventory and cost of goods sold at June $30.$Required information Problem $6-1$B $($Algo$)$ Calculate ending inventory and cost of goods sold for four inventory methods $($LO$63)[$The following information applies to the questions displayed below.$]$ George's Fishing Hole has the fol

$6-1$B $($Algo$)$ Part $44.$ Using weighted$-$average cost, calculate ending inventory and cost of goods sold at June $30.($Round your intermediate calcu