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Gregs Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March 2012: Date Transactions Units Cost per

Gregs Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March 2012:

Date Transactions Units Cost per Unit Total Cost
March 1 Beginning inventory 20 $197 $3,940
March 5 Sale ($301 each) 15
March 9 Purchase 10 209 2,090
March 17 Sale ($369 each) 8
March 22 Purchase 10 245 2,450
March 27 Sale ($362 each) 12
March 30 Purchase 8 247 1,976
$10,456

rev: 4_24_12

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Calculate ending inventory and cost of goods sold at March 31, 2012, using 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.(Omit the "$" sign in your response.)

Ending inventory $n/r
Cost of goods sold $n/r

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