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			$	230				$	4,600
March	5		Sale ($360 each)		15
March	9		Purchase		10				250					2,500
March	17		Sale ($410 each)		8
March	22		Purchase		10				260					2,600
March	27		Sale ($435 each)		12
March	30		Purchase		8				280					2,240
													$	11,940

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.

A: Calculate ending inventory and cost of goods sold at March 31, using the specific identification method.

B: Using FIFO, calculate ending inventory and cost of goods sold at March 31.

C, Using LIFO, calculate ending inventory and cost of goods sold at March 31.

D: 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.)

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

F: If Gregs Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)