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George Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. George 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 saie consists of bike5 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. Colculate ending inventory and cost of goods sold at March 31, using the specific identification method 2. Using FFO, calculate ending inventory and cost of goods sold at March 31 . 3. Using LFO, calculate ending inventory and cost of goods sold at March 31 . 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31 5. Calculate sales revenue and gross profit under each of the four methods 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of bnding inventory? 7. If George Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LFO adjustment. Complete this question by entering your answers in the tabs below. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. For the specific identificabion method, the March 5 sole consists of bikes from beginning inventory, the March 17 sale corisists 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 identificotion method 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 3. Using LFO, calculate ending inventory and cost of goods sold at March 31 . 4. Using weighted-average cost calculote ending inventory and cost of goods sold at March 31. 5. Calculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If George Bicycle Shop chooses to report inventory using LFFO instead of FIFO, record the LIFO adjustment. Complete this question by entering your answers in the tabs below. Using FIFO, calculate ending inventory and cost of goods sold at March 31 . 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. 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. 4. Using welghted-everage cost, calculate ending inventory and cost of goods sold at March 31 . 5. Calculote sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If George Bicycle Shop chooses to report inventory using LIFO instead of FFFO, record the LIFO adjustment. Complete this question by entering your answers in the tabs below. Using LFF, calculate ending inventory and cost of goods sold at March 31. For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bike from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight blkes from the March 2 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31 , using the specific identification method. 2. Using FFFO, 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. 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31 . 5. Calculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If George Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. Complete this question by entering your answers in the tabs below. Using welghted-average cost, calculate ending inventory and cost of goods sold at March 31 . (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.) 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. 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. 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. 5. Caiculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If George Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. Complete this question by entering your answers in the tabs below. Calculate sales revenue and gross profit under each of the four methods, (Round weighted-average unit cost amounts to 4 decimal places.) For the specific identfication 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. Colculate ending inventory and cost of goods sold at March 31, using the specific identification method. 2. Using FIFO, calculate ending inventory ond cost of goods sold at March 31 . 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31 . 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. 5. Caiculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If George Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. Complete this question by entering your answers in the tabs below. Comparing EIFO and LiFO, which one provides the more meaningful measure of ending inventory