LOR 12 Port 17 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 apples 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 Uits Unit Cost Total Cost March 1 Beginning wentory 20 $250 $5,000 March Sale (5400 each) 35 March Purchase 270 2,700 March 17 Sale $450 each March 22 Purchase 2.000 March 27 Sale (5475 each) March 30 Purchase 2.700 $13.20 10 5 9 8 10 200 300 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 Maren 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Part 1 o7 Problem 6-2A Part 1 10 points Required: 1. Calculone ending inventory and cost of goods sold at March 31, using the specific identification method 2004 PA Ronces Ending inventory Cost of goods sold