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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
Gregs Bicycle Shop has the following transactions related to its topselling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
March Beginning inventory $ $
March Sale $ each
March Purchase
March Sale $ each
March Purchase
March Sale $ each
March Purchase
$
For the specific identification method, the March sale consists of bikes from beginning inventory, the March sale consists of bikes from the March purchase, and the March sale consists of four bikes from beginning inventory and eight bikes from the March purchase.
Using weightedaverage cost, calculate ending inventory and cost of goods sold at March Round your intermediate and final answers to decimal places.
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