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Required information Problem 6-1B (Algo) Calculate ending inventory and cost of goods sold for four...

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Required information Problem 6-1B (Algo) Calculate ending inventory and cost of goods sold for four inventory methods (LO6-3) (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 6-1B (Algo) Part 1 Required: 1. Caiculate ending imventory and cost of goods sold at June 30 , using the specife identification method. The June 7 sale consists of fishing reels from beginning inventory, the June 15 sale consists of three fishing reels from beginning inventary and nine fishing reels from the June 12 purchese, and the June 27 saie consists of one fishing reel from beginning inventory and seven fishing reets from the June 24 purchase

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