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. For the specific identification method, the Morch 5 sole consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 puchose, and the Morch 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 puchase 4. Using weighted-average cost. colculote ending inventory and cost of goods soid at March 31. (Round your intermediate and final enswers to 2 decimal ploces.) Greg's Bicycle Shop has the following transacuons related to its top-selling Mongoose mountan bike for the month of March Greg's Bicycle Shop uses a periodic inventory system. 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 putchase, and the Morch 27 sale consists of four bikes from begirining inventory and eight bikes from the March 22 purchase. If Greg's Bicycle Shop chooses to report invontory using Ufo imstead of firo, record the Lifo adjustment (If no entry is required or a transaction/event, select "No Journal Entry Required" in the first account field.) 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. For the specific identification method, the March 5 salo consists of bices from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sole consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. 2. Using FifO, colculate ending inventory and cost of goods sold at March 31 Answer is complete but not entirely correct. 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. 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. 1. Cotculate sales revenue and gross profit under each or the four methods. (Round weighted-average cost amounts to 2 decimal loces.) 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. For the specific identification method, the March 5 vale 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 LFO, calculate ending inventory and cost of goods sold at March 31
