equirea information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four 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 for the month of March. Greg's Bicycle Shop uses a periodic inventory system. Transactions. Date March 1 March 5 March March 17 Beginning inventory Units 20 Unit Cost $210 Total Cost $ 4,200 Sale ($320 each) 15 9 Purchase 10 230 2,300 Sale ($370 each) 8 March 22 Purchase 10 240 2,400 March 27 March 30 Sale ($395 each) 12 Purchase 7 260 1,820 $10,720 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 1 Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Ending inventory Cost of goods sold Pray 15 16 17 Next