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

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

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