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please solve with the RIGHT answer Required information {The following information apolles to the questions displayed below) Greg's Bicycle Shop has the following transactions related
please solve with the RIGHT answer
Required information {The following information apolles 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 Unit Cost $195 Total Cost $ 3,900 215 2,150 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning Inventory Sale ($290 each) Purchase Sale ($340 each) Purchase Sale (5365 each) Purchase Units 20 15 10 0 10 12 7 225 2,250 245 1.215 $10,015 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 Ending Inventory Cost of goods sold Step by Step Solution
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