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. Transactions Unit M 1 Beginning inventory 20 Unit Cost $215 Total Cost $4,300 3452 March March Sale (5330 each) i IS Purchase 10 235 2,350 March 11 Sale (5380 each) Karch 22 Purchase 10 245 2,450 March 27 March 30 Sale (5405 each) Purchase 2,130 611,220 0 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. 7. If Greg's Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the LIFO adjustment Oate March 31 Genara Aura Debit Cred Clear any