18 ! Part 2 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 the month of March. Greg's Bicycle Shop uses a periodic inventory system. Transactions Beginning inventory 4.16 Date Units points March 1 20 Unit Cost $235 Total Cost $ 4,700 March 5 Sale ($370 each) 15 March 9 Purchase 10 255 2,550 March 17 eBook Sale ($420 each) 8 March 22 Purchase 10 265 2,650 March 27 Print March 30 Sale ($445 each) Purchase 12 9 285 2,565 References $12,465 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. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory $ 3,095 Cost of goods sold $ 9,370 Ch