purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 . 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31 . 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. 6. Calculate sales revenue and gross profit under each of the four methods. 7. If Mitchell Bicycle Shop Lhooses to which one provides the more meaningful measure of ending inventory? 7. If Mitchell Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment Complete this question by entering your answers in the tabs below. Calculate ending inventory and cost of aoods sold at March 31 , using the specific identification method