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

5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.)

	specific identification	FIFO	LIFO	Weighted Average Cost
Sales Revenue
Gross Profit