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George Bicycle Shop has the following transactions related to its top-seling Mongoose mountain bike for the month of March. Required: 1. Calculate ending inventory and

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George Bicycle Shop has the following transactions related to its top-seling Mongoose mountain bike for the month of March. Required: 1. 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 Mareh 22 purchase. 2. Using FIFO, calculote 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 LFO, which one provides the more meaningful measure of ending inventory? Complete this question by entering your answers in the tabs below. Calculate ending inventorv and cost of goods sold at March 31, using the specific identification methed. The March 5 sale. consists of bikes from beg onning inventory, the March 17 sale consiots of bikes from the March 9 purchase, and the March 27 consists of bikes from be consists of four bikes from beainning inventory and elght bikes from the March 22 purchase Using FIFO, calculate ending inventory and cost of goods sold at March 31. mparing FIFD and LFO, which one provides the more meaningful measure of ending inventory? Complete this question by entering your answers in the tabs below. Using LFO, calculate ending invertory Required 3 ds sold at March 31. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places. Calculate sales revenue and gross profit under each of the four methods. Note: Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places

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