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 mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system Total cost $ 4,600 Date Transactions March 1 Beginning inventory March 5 Sale ($360 each) March 9 Purchase March 17 Sale ($410 each) March 22 Purchase March 27 Sale ($435 each) March 30 Purchase 2,500 Units Unit Cost 20 $230 15 10 250 8 10 260 12 B 280 2,600 2,240 $11,940 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 2 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31, Answer is complete but not entirely correct. $ 3.440 X Ending inventory Cost of goods sold S 8,3703 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. Total Cost $ 4,600 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 2,500 Transactions Beginning inventory Sale ($360 each) Purchase Sale ($410 each) Purchase Sale (5435 each) Purchase Units Unit Cost 20 $230 15 10 250 8 10 260 12 8 280 2,600 2,240 $11,948 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