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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 Cost per Unit Total Cost
March 1 Beginning inventory 20 $180 $ 3,600
March 5 Sale ($260 each) 15
March 9 Purchase 10 200 2,000
March 17 Sale ($310 each) 8
March 22 Purchase 10 210 2,100
March 27 Sale ($335 each) 12
March 30 Purchase 7 230 1,610
$ 9,310

a) Using FIFO, calculate ending inventory and cost of goods sold at March 31.

B) Using LIFO, calculate ending inventory and cost of goods sold at March 31

C) 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.)

D) Calculate sales revenue and gross profit under each of the four methods (Round your intermediate and final answers to 2 decimal places.)

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