George Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $ 225 $ 4,500 March 5 Sale ($350 each) 15 March 9 Purchase 10 245 2,450 March 17 Sale ($400 each) 8 March 22 Purchase 10 255 2,550 March 27 Sale ($425 each) 12 March 30 Purchase 7 275 1,925 $ 11,425 Required: Calculate ending inventory and cost of goods sold at March 31, using 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 purc