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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) ALL TWO PARTS ARE

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)

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ALL TWO PARTS ARE RELATED TO EACH OTHER.

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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.] 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. Cost per Unit Total Cost Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Units 20 15 10 8 10 12 Transactions Beginning inventory Sale ($220 each) Purchase Sale ($270 each) Purchase Sale ($295 each) Purchase $160$3,200 1,800 1,900 1,680 $ 8,580 180 190 210

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