[The following information applies to the questions displayed below.] Gregs 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 $ 175 $ 3,500 March 5 Sale ($250 each) 15 March 9 Purchase 10 195 1,950 March 17 Sale ($300 each) 8 March 22 Purchase 10 205 2,050 March 27 Sale ($325 each) 12 March 30 Purchase 8 225 1,800 $ 9,300 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. rev: 02_28_2017_QC_CS-80932, 04_13_2020_QC_CS-208026 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31

Ek my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not Ine completion. Return to 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. Unit cost $ 175 Total cost $3,500 195 Date March 1 March 5 March March 17 March 22 March 27 March 3e Transactions Beginning inventory Sale ($250 each) Purchase Sale ($300 each) Purchase sale ($325 each) Purchase Units 20 15 10 8 10 12 8 1,950 205 2,850 225 1,800 $9,300 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 elght bikes from the March 22 purchase. 3. Using LIFO. calculate ending inventory and cost of goods sold at March 31. Answer is complete but not entirely correct. 5 2875 % Ending inventor Cost of goods sold s 6 625