he following informa applies to the questions displayed below. Greg's 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. Cost per Transactions Total Cost Date Units Unit 20 $235 4,700 March 1 Beginning inventory March 5 Sale ($370 each 2,550 March 9 Purchase 255 March 17 Sale ($420 each) March 22 Purchase 265 2,650 March 27 Sale ($445 each) March 30 Purchase 285 2,565 12,465 Required information 20.00 points Required: 1. Calculate ending inventory and cost of goods sold at March 31, 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. Ending inventory 3,840 Cost of goods sold 8,625