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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 Units 20 Unit Cost $185 Total Cost $ 3,700 15 Date March 1 March 5 March 9 March 17 March 22 March 27 March 3 Transactions Beginning inventory Sale ($270 each) Purchase Sale ($320 each) Purchase Sale ($345 each) Purchase 10 205 2,050 2,150 2,115 $10,015 Required: 1. Calculate ending inventory and cost of goods sold at March 31, using 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 begirining inventory and eight bikes from the March 22 purchase Ending inventory Cost of goods sold ebook Print Roforon 2 Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold Print steroncos 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31 Ending inventory Cost of goods sold 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 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places.) - Specific Identification RFO UFO average cost Sales revenue Gross profit

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