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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 $230 Total Cos $4,600 Date March 1 March 5 March 9 Mareh 17 Kareh 22 March 27 March 30 10250 Transactions Beginning inventory Sale ($360 each) Purchase Sale ($410 each) Purehase Sale ($435 each) Purchase 500 10 2,500 2,240 $11,940 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 arch 31 Ending inventory Cost of goods sold

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