Date	Transactions	Units	Cost per Unit	Total Cost
March 1	Beginning inventory	20	$160	$	3,200
March 5	Sale ($220 each)	15
March 9	Purchase	10	180		1,800
March 17	Sale ($270 each)	8
March 22	Purchase	10	190		1,900
March 27	Sale ($295 each)	12
March 30	Purchase	8	210		1,680
				$	8,580
	Calculate ending inventory and cost of goods sold at March 31, using 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.	Ending Inventory:	Cost of Goods sold: