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 Date March 1 Beginning inventory Units 20 Unit Cost $220 Total Cost $ 4,400 March 5 Sale ($340 each) 15 March. 9 Purchase 10 240 2,400 March 17 Sale ($390 each) B March 22, Purchase 10 250 2,500 March 27 March 30 Sale ($415 each) Purchase 12 9 270 2,430 $11,730 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