Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-seling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic Inventory system. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $165 $3,300 March 5 Sale ($230 each) 15 March 9 Purchase 10 185 1,850 March 17 Sale ($280 each) 8 March 22 Purchase 10 195 1,950 March 27 Sale ($3e5 each) 12 March 30 Purchase 7 215 1,505 $8,605 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 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. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $165 $3,300 March 5 Sale ($230 each) 15 March 9 Purchase 10 185 1,850 March 17 Sale ($280 each) 8 March 22 Purchase 10 195 1,950 March 27 Sale ($35 each) 12 March 30 Purchase 7 215 1,505 $8,685 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. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 Ending inventory Cost of goods sold 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. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $165 $3,300 March 5 Sale ($230 each) 15 March 9 Purchase 10 185 1,850 March 17 Sale ($280 each) 8 March 22 Purchase 10 195 1,950 March 27 Sale ($305 each) 12 March 30 Purchase 7 215 1,505 $8,605 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. 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 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. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $ 165 $3,300 March 5 Sale ($230 each) 15 March 9 Purchase 10 185 1,850 March 17 Sale $280 each) 8 March 22 Purchase 10 195 1,950 March 27 Sale ($305 each) 12 March 30 Purchase 7 215 1,505 $8,605 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. 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold