wie ektra Credit 20 Saved ! 5 Part 2 of 2 1 points 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. Date Transactions Units Unit Cost Total Cost March Beginning inventory 20 $185 $ 3,700 March 5 Sale ($270 each) 15 March 9 Purchase 10 205 2,658 March 17 Sale ($320 each) March 22 Purchase 10 2,150 March 27 Sale $345 each) March 30 9 235 2,115 $10,015 1 References 8 215 12 Purchase 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. Problem 6-2A Part 3 3. Using LIFO, calculate ending Inventory and cost of goods sold at March 31. Ending Inventory Cost of goods sold