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Part 1 of 2 Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3,
Part 1 of 2 Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3, 6-4,6-5) [The following information applies to the questions displayed below.) points 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. Units Unit Cost $ 180 20 Total Cost $3,600 eBook 10 200 Date March March March March March March March 2,000 Transactions Beginning inventory Sale $260 each) Purchase Sale ($310 each) Purchase Sale ($335 each) Purchase 1 5 9 17 22 27 30 210 2, 100 Print 230 1, 610 $9,310 References 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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