! Required information [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 $ 165 Units 20 15 10 Total Cost $3,300 185 Date March March March March March March March Transactions Beginning inventory Sale ($230 each) Purchase Sale ($280 each) Purchase Sale $305 each) Purchase 1 5 9 17 22 27 30 1,850 195 1,950 10 12 7 215 1,505 $8,605 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. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold