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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

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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. Cost per Date Transactions Units Unit Total Cost March 1 Beginning 20 $240 $4,800 "inventory March Sale ($380 each) 15 5 March Purchase 10 260 2,600 9 March Sale ($430 each) 8 17 March 10 Purchase 270 22 2,700 March Sale ($455 each) 12 27 March Purchase 7 290 30 2,030 7 $12,130 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold

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