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

Cost if Goods sold:?

3. Using LIFO, calculate ending inventory and cost of goods sold at March 31.

Ending inventory:?

Cost if Goods sold:?

IThe following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike the for month of March. Greg's Bicycle Shop uses a periodic inventory system Cost per Date Transactions Units. Unit. Total Cost March 1 Beginning inventory 20 $250 5,000 March 5 Sale ($400 each March 9 Purchase 10 2,700 270 March 17 Sale ($450 each 10 280 2,800 March 22 Purchase March 27 Sale ($475 each) 300 March 30 Purchase 2.700 13,200 10.00 points 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold