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Problem $6-2$A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four

inventory methods $($LO$6-3,6-4,6-5)$

$[$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.

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.

Problem $6-2$A Part $2$

Using FIFO, calculate ending inventory and cost of goods sold at March $31.$