[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. Transactions Date March 1 March 5 Beginning inventory Units 20 Unit Cost Total Cost $230 $ 4,600 Sale ($360 each) 15 March March 17 9 Purchase 10 250 2,500 Sale ($410 each). 8 March 22 Purchase 10 260 2,600 March 27 March 30 Sale ($435 each) Purchase 12 8 280 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. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold