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. Cost per Date Transactions Units Total Cost 20 $165 3,300 March 1 Beginning inventory March 5 Sale ($230 each) March 9 Purchase 85 ,850 March 17 Sale ($280 each 195 March 22 Purchase 950 March 27 sale (S305 each March 30 Purchase 215 505 8,605 B. 20.00 points Required information 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 March 22 purchase. Ending inventory Cost of goods sold