Using FIFO and LIFO, calculate ending inventory and cost of goods sold

Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 6-4,6-5) [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 Units Unit Cost Total cost Beginning inventory $3,100 Sale ($210 each) 9 Purchase Sale ($260 each) Purchase Sale ($285 each) Purchase 1.865 $8.545 $155 175 1,750 Dale March 1 March 5 March March 17 March 22 March 27 March 30 20 15 10 3 10 12 9 185 1,850 205 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. Answer is complete but not entirely correct. $ 5,775 Ending inventory Cost of goods sold 2,770 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold