PLEASE HELP
Ariana Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of Morch, Ariana Bicycle Shop uses a periodic inventory system. For the specific identification method, the March 5 sale consists of bikes from beginning inveatory, the March 17 sole consints of blkes from the March 9 purchese, and the March 27 sale consists of four bikes from begioning inventory and eight bikes from the Morch 22 purchase Required: 1. Colculate ending inventory and cost of goods sold at March 31, using the specific idenatication method: 2. Using FIFO, calculote ending inventory and cost of goods sold at Manch 31 3. Using LFO, calculate ending imventory and cost of goods sold at Morch 31 4. Using weighted-average cost, calculate ending inventory and cost of goods sold ot March 3t. 5. Colculate sales revenue and gross profit under each of the four mothods; 6. Comparing FIFO and LIFO, Which one provides the more meaningful measure of ending inventory? 7. If Ariana Bicycle Shop chooses to report inventory using LiFO instead of FIFO, iocord the LiFO adjustment Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate ending inventory and cost of goods sold at March 31 , using the specific identification method. Ariana Bicycle Shop has the following transoctions related to its top-selling Mongoose mountoin bike for the month of March. Ariano For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the Morch 22 purchose Required: 1. Calculate ending inventory and cost of goods sold at March 31 , using the specific identificotion method 2. Using FIFO, calculate ending inventory and cost of goods spid at March 31 3. Using UFO, calculate ending inventory and cost of goods sold at Morch 31. 4. Using weighted-averoge cont, calculate ending inventory and cost of goods vold ot March 31 5. Colculate sales revenue and gross profit under each of the four methods 6. Comporing FIFO and LIFO, which one provdes the more mesning fut measure of ending inventory? 7. if Arano Bicycle Shop chooses to report inventory uwing UFO intead of FiFO, record the LIFO adjustment. Q Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If Ariana Bicyde shop chooses to report inventory using uFo instead of Fifo, record the uFo adjustment. (If no entry is Ariana Bicycle Shop has the foliowing transactions related to its top-selling Mongoose mountain bike for the month of Morch. Ariano 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 purchose Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method 2. Using FIFO, calculate ending inventory and cost of goods sold ot March 31 . 3. Using UFO, calculate ending inventory and cost of goods sold at Morch 3t. 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at Morch 31. 5. Calculate soles revenue and gross profit under each of the four methods 6. Comparing FIFO and LIFO, which one provides the more meaninglul meosure of ending inventory? 7. If Ariano Eicycle Shop chooses to report inventory using LIFO insteod of FFO, record the LIFO adjustment: Answer is complete but not entirely correct. Complete this question by entering vour answers in the tabs below. Calculate sales revenue and gross profit under each of the four methods, (Phound weighted-average unit cost amounts to 4 decimal places.) Ariana Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Ariana Bicycie Shop useb o periodic inventory system For the specific identification method, the March 5 sole consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchose, and the March 27 sole consists of four bikes from begirning inventory and eight bikes from the March 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 3t, using the specific identification method. 2. Using FIFO, calculate ending inventory ond cost of goods sold at Morch 3i. 3. Using LFO, colculate ending inventory and cost of goods sold at Morch 31 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at Morch 31. 5. Calculate tales revenue and pross profit under each of the four methods. 6. Comparing FIFO and UFO, which one provides the more meoninglul meosure of ending inventory? 7. If Ariana Bicycle Shop chooses to report inventory using LIFO insteod of firO, record the LIFO adjustment. (9) Answer is complete but not entirely correct. Complete this question by entering vour answers in the tabs below. Using LFO, calculate ending inventory and cost of poods sold at March 31. Ariana Bicycle Shop has the following tronsoctions related to its top-selling Mongoose mountoln bike for the month of March. Ariana Bicycle Shop uses a periodic inventory system For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the Morch 17 sale consists of bikes from the March 9 purchase, and the March 27 sole consists of four bikes from beginning invertory ond eight bikes from the Morch 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold ot Morch 3t, using the specific identification method 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 3. Using LIFO, calculate ending inventory and cont of goods sold ot Morch 31 4. Using weighted-average cost, calculote ending inventory and cost of goods fold at March 31 5. Colculate soles revenue and gross profit under each of the four metriods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measute of ending inventory? 7. If Ariana Bicycle Shop chooses to report inventory using UFO instead of FlFO, record the LIFO adjustment. (2) Answer is complete but not entirely correct. Complete this question by entering vour answers in the tabs below. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31 . (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)