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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, 6-8) The following information applies to
Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3, 6-8) 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 Units Total Cost Date March 1 Beginning inventory March 5 Sale ($310 each) March 9 Purchase March 17 Sale ($360 each) March 22 Purchase March 27 Sale ($385 each) March 30 Purchase Transactions 20 $205 4100 2,250 2,350 2,295 $10,995 15 10 225 235 255 10 12 References Section Break Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6- 3, 6-8)
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