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Required information [The following information applies to the questions displayed below.] Gregs Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike

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[The following information applies to the questions displayed below.] Gregs 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.

Date Transactions Units Unit Cost Total Cost
March 1 Beginning inventory 20 $ 180 $ 3,600
March 5 Sale ($260 each) 15
March 9 Purchase 10 200 2,000
March 17 Sale ($310 each) 8
March 22 Purchase 10 210 2,100
March 27 Sale ($335 each) 12
March 30 Purchase 7 230 1,610
$ 9,310

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