Use LIFO to calculate ending inventory and cost of goods sold at March 31

Gregs Bicycle Shop has following transactions related to its top-selling Mongoose Mountain bikes

(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 Cost per UnitT 20 $245 $ 4,900 Transactions Units Total Cost Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Beginning inventory Sale ($390 each) Purchase Sale($440 each) Purchase Sale ($465 each) Purchase 15 10 265 2,650 2,750 2,360 $12,660 8 10 12 275 8 295 References