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O Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 6-4,6-5) [The following

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O Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 6-4,6-5) [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. Transactions Units Unit Cost Total Cont Beginning inventory $ 205 $ 4,100 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 20 15 10 8 225 Sale ($310 each) Purchase Sale ($360 each) Purchase Sale ($385 each) Purchase 2,250 2,350 10 235 12 9 255 2,295 $10,995 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 2 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31, Ending inventory Cost of goods sold

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