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6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross p Inventory methods (LO6-3, 6-4,6-5) [The following information applies to the questions displayed

image text in transcribedimage text in transcribed 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross p Inventory methods (LO6-3, 6-4,6-5) [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 fo March. Greg's Bicycle Shop uses a periodic inventory system. Transactions Date March 1 March March 159 Beginning inventory Units 20 Unit Cost Total Cost $185 $ 3,700 5 Sale ($270 each) 15 Purchase 10 205 2,050 March 17 Sale ($320 each) 8 March 22 Purchase 10 215 2,150 March 27 March 30 Sale ($345 each) Purchase 12 9 235 2,115 $10,015 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the Ma consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning eight bikes from the March 22 purchase. Chapl Dex (162) INVENTORY & COST OF CX ACCT 2010-003 Fundamentals Question 6-BONUS ASSIGNMEN x o.mheducation.com/ext/map/index.html? con con&external browser-0&launchUrl=https%253A%252F%252Flms.mheducation.co Bource Booksh Homepage: The U. (440) YouTube My Shelf Bryteway... Canvas Saved ASSIGNMENT-30 March 30 Purchase 235 2,115 $10,015 Religion Matters Class Financ For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the Ma consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning eight bikes from the March 22 purchase. Problem 6-2A Part 4 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your int answers to 2 decimal places.) Ending inventory Cost of goods sold > hp

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