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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 (LO6-3, 6-4,6-5) The following information
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. Units Unit Cost $ 170 Total Cost $3,400 2e Date March 1 March 5 March 9 March 17 March 22 March 27 March 3e 190 1,980 Transactions Beginning inventory Sale ($240 each) Purchase Sale ($290 each) Purchase Sale ($315 each) Purchase 200 2, eae 1.980 $9, 280 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
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