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Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 6-4,6-5) [The following information

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Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 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 mount March. Greg's Bicycle Shop uses a periodic inventory system mountain bike for the month of Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $240 $ 4,800 March 5 Sale ($350 each) 15 March Purchase 10 260 2.600 March 17 Sale (5430 each) March 22 Purchase 270 2,700 March 27 Sale (5455 each) 12 March 30 Purchase 2 290 2,030 $12,130 8 10 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 5. Calculate sales revenue and gross profit under each of the four methods (Round weighted-average cost amounts to 2 decimal places.) Specific Identification FIFO LIFO Weighted- average cost Sales revenue Cost of goods sold Gross profit

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