Question: Saved Help Save & Exit Sub Required information [The following information applies to the questions displayed below.) Greg's Bicycle Shop has the following transactions related

 Saved Help Save & Exit Sub Required information [The following information

Saved Help Save & Exit Sub Required information [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. Unit Cost $ 155 Total Cost $3,100 Units 20 15 10 175 1,750 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($210 each) Purchase Sale ($260 each) Purchase Sale ($285 each) Purchase 185 1,850 205 1,845 $8,545 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. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Ending inventory

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