1 of 7 S eBook Print ferences ! Required information [The following information applies to the questions displayed below.] 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. Date Transactions March 1 Beginning inventory March 5 Sale ($290 each) March Purchase March 17 Sale ($340 each) March 22 Purchase March 27 Sale ($365 each) March 30 Purchase 96 Units 20 15 10 8 10 12 7 Ending inventory Cost of goods sold Unit Cost $195 215 225 245 Total Cost $ 3,900 2,150 2,250 1,715 $10,015 For 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. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method.

Required information [The following information applies to the questions displayed beliow] 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 For 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 Required