of 2 Required information [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. Date Transactions March 1 Beginning inventory March 5 Sale ($400 each) March 9 Purchase March 17 Sale ($450 each) Purchase March 22 March 27 March 30 Sale ($475 each) Purchase Answer is not complete. Ending inventory Cost of goods sold Units Unit Cost 20 $250 15 10 8 10 12 9 $ 270 5,500 280 300 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. Total Cost $ 5,000 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. 2,700 2,800 2,700 $13,200

Required information [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. 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. 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31