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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-seling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system, Date Transactions Units Unit Cost Total cost March Beginning inventory 20 $150 53,000 March 5 sale ($200 each) 15 March 9 Purchase 20 170 1,700 March 17 Sale (5250 each) March 22 Purchase 20 March 27 Sale ($275 each) 12 March " Purchase 7 $7,900 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.

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