10 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 Dace sactions tinit cost talot March 1 Deginning inventory $180 $3,600 March 5 Sale (5260 each 15 March Putehase 10 200 2,000 March 17 Sale $10 each March 22 Purchase 10 210 2.100 March 22 Bate (5335 each 12 March 10 Purehan 230 $9,510 ok 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 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places) Specific Identification FIFO LIFO Weighted- average cost Sales revenue Groep 11 Part 7 of 7 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 them of March. Greg's Bicycle Shop uses a periodic inventory system. 10 points Unit Cast $180 Total cost $3,600 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($260 each) Purchase Sale ($310 each) Purchase Sale ($335 each) Purchase 200 Units 20 15 10 8 70 12 7 2,000 eBook 210 2,100 230 Print 1,610 $9,310 References For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning in and eight bikes from the March 22 purchase. 7. I Greg's Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet aw 9 11 Required information Part 7 of 7 View transaction list 10 points Journal entry worksheet