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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 $185 $ 3,700
March 5 Sale ($270 each) 15
March 9 Purchase 10 205 2,050
March 17 Sale ($320 each) 8
March 22 Purchase 10 215 2,150
March 27 Sale ($345 each) 12
March 30 Purchase 9 235 2,115
$ 10,015
1.) Calculate sales revenue and gross profit under each of the four methods. specific identification FiFO LIFO Weighted averageC Sales revenue: Gross Profit:

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