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. 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 $31.$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. 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. $3.$ Using LIFO, calculate ending inventory and cost of goods sold at March $31.$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. 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. Using weighted$-$average cost, calculate ending inventory and cost of goods sold at March $31.($Round your intermediate and fina inswers to $2$ decimal places.$)[$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. 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. $.$ Calculate sales revenue and gross profit under each of the four methods. $($Round weighted$-$average cost amounts to $2$ decimal laces.$)$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. 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. $6.$ Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory?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. 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. Greg's Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. $($If no entry is require a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$