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need assistance filling out chart [The following information applies to the questions displayed below.] Greg's Bicycle Shop has the following transactions related to its top-selling
need assistance filling out chart
[The following information 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. Unit Cost $ 195 Total cost $ 3,900 ok 1 5 9 215 Date March March March March March March March Transactions Beginning inventory Sale ($299 each) Purchase Sale ($349 each) Purchase Sale ($365 each) Purchase 17 Units 20 15 10 8 10 12 7 2,150 COS 225 2,250 22 27 30 245 1,715 $10,015 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. Problem 6-2A Part 3 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods soldStep by Step Solution
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