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Using FIFO, calculate ending inventory and cost of goods sold at March 31. Ending Inventory $ Cost of Goods Sold $ Using LIFO, calculate ending

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Using FIFO, calculate ending inventory and cost of goods sold at March 31.

Ending Inventory

$

Cost of Goods Sold

$

Using LIFO, calculate ending inventory and cost of goods sold at March 31.

Ending Inventory

$

Cost of Goods Sold

$

Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.)

Ending Inventory

$

Cost of Goods Sold

$

Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3, 6-8) [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 Cost per Unit Total Cost Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Units 20 $190 3,800 15 10 Beginning inventory Sale ($280 each) Purchase Sale ($330 each) Purchase Sale ($355 each) Purchase 210 220 240 2,100 2,200 1,920 $10,020 10 12 8

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