Texts: 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 10 $260 $2,600
June 15 Sale 12
June 24 Purchase 10 $250 $2,500
June 27 Sale 8
June 29 Purchase 8 $240 $1,920
$11,340
4. Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30.