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.) Part 1 of 7 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 0.5 points Unit Cost $ 165 Total Cost $3,300 20 185 Transactions Beginning inventory Sale ($ 230 each) Purchase Sale ($280 each) Purchase Sale ($305 each) Purchase Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 1,850 eBook 195 1,950 Print 1,505 $8,605 References Problem 6-2A Part 1 Required: 1. Calculate ending inventory and cost of goods sold at March 31, using 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. Ending inventory Cost of goods sold 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.) Part 2 of 7 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. 0.5 points Units Unit Cost Total Cost $3,300 185 1,850 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($ 230 each) Purchase Sale ($280 each) Purchase Sale ($305 each) Purchase eBook 195 1,950 Print 215 1,505 $8,605 References Problem 6-2A Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold 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.) Part 3 of 7 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. 0.5 points Units 20 15 Unit Cost $165 Total Cost $3,300 10 185 1,850 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($ 230 each) Purchase Sale ($280 each) Purchase Sale ($305 each) Purchase eBook 195 1,950 Print 215 1,505 $8,605 References Problem 6-2A Part 3 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold 18 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. Part 4 of 7 Units 20 15 10 Unit Cost $ 165 Total Cost $3,300 185 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 0.5 points Transactions Beginning inventory Sale ($230 each) Purchase Sale ($280 each) Purchase Sale ($305 each) Purchase 1,850 195 1,950 who 215 eBook 1,505 $8,605 Print References Problem 6-2A Part 4 4. Using weighted average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold 18 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. Part 4 of 7 Units 20 15 10 Unit Cost $ 165 Total Cost $3,300 185 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 0.5 points Transactions Beginning inventory Sale ($230 each) Purchase Sale ($280 each) Purchase Sale ($305 each) Purchase 1,850 195 1,950 who 215 eBook 1,505 $8,605 Print References Problem 6-2A Part 4 4. Using weighted average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold