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Gregs 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

Gregs 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.

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

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.)

Ending inventory ?
Costs of goods sold ?

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