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[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

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[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, Unit Cost $250 Total cost $ 5,000 270 2,700 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Solo ($400 each) Purchase Sale ($450 each) Purchase Sale ($475 0 ach ) Purchase Units 20 15 10 B 10 12 9 280 2,800 300 2,700 $13,200 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. Journal entry worksheet

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