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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. Units Unit Cost $ 165 Total Cost $3,300 185 1,850 Date March March March March March March March 1 5 9 17 22 27 30 Transactions Beginning inventory Sale $230 each) Purchase Sale $280 each) Purchase Sale ($305 each) Purchase 195 1,950 215 1,505 $8,605 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold