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Book 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

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Book 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 Date Transactions Units Unit HP March 1 Total cost Deginning inventory 20 $105 March 5 $ 3,700 Sale (5270 bach) 15 March 9. Purchase 10 205 March 17 Sale $320 each) 2,050 3 March 22 Purchase March 27 10 l l 4 bach) 2,150 12 March 30 Purchase 9 235 2. 115 $10,015 Print 215 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 Problem 6-2A Part 5 5. Calculate sales revenue and gross profit under each of the four methods (Round weighted average cost amounts to 2 decimal places.) Specific Identification FIFO LIFO Weighted average cost Sales revenue Cost of goods sold Grosspot

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