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 Total Cost Date March 1 Beginning inventory Unito 20 Unit Cost $170 $3,400 March 5 Sale ($240 each) 15 March 9 Purchase 10 190 1,900 March 17 Sale ($290 each) 8 March 22 Purchase 10 200 2,000 March 27 March 30 Sale ($315 each) Purchase 12 9 220 1,980 $9,280 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. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Ending inventory Cost of goods sold