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ok [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

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ok [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 Unita Unit Cost Total cost March Beginning inventory 20 $105 S3, 700 March 5 Sale $270 each) 15 March 9 Purchase 10 205 March 17 Sale ($320 each) 2,050 0 March 22 Purchase 215 March 22 Sale ($345 each) 2,150 12 March 30 235 2,115 $10,015 10 Purchase 9 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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