1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase.

part 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31.

part 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. part 4 Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.)

part 5 Calculate sales revenue and gross profit under each of the four methods.(Round weighted-average cost amounts to 2 decimal places.)

Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system. Cost per Unit Units Total Cost Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($360 each) Purchase Sale ($410 each) Purchase Sale ($435 each) Purchase 20 $230 4,600 15 10 250 260 280 2,500 2,600 2,240 $11.940 10 12