Required information 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. Date Unit Cost $ 225 Total Cost $ 4,500 245 2,450 March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($350 each) Purchase Sale ($400 each) Purchase Sale ($425 each) Purchase Units 20 15 10 8 10 12 7 255 2,550 275 1,925 $11,425 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 6-2A Part 3 3. Using LIFO, 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.) 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. Unit Cost $225 Total Cost $ 4,500 1 245 2,450 Date March March March March March March March 5 9 17 22 27 30 Transactions Beginning inventory Sale $350 each) Purchase Sale ($400 each) Purchase Sale ($425 each) Purchase Units 20 15 10 8 10 12 7 255 2,550 275 1,925 $11,425 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 6-2A 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.) Answer is complete but not entirely correct. Ending inventory Cost of goods sold $ 3,026.00 X $ 8,259.00 X