Greg's Bicycle Shop has the following transactions related to its top-seling Mongoose mountain bike for the month of March. Gregs Bicycle Shop uses a perbodic inventory system. For 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. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specilic identification method. 2. Using FIFO, calculate ending Irventory and cost of goods sold at Maich 31 3. Using L.IFO, 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 FFO and LFO, which one provides the more meaningful measure of ending inventory? 7. If Greg's Bicycle Shop chooses to report inventory using UFO instead of FIFO. record the UFO adjustment. Complete this question by entering vour answers in the tabs below