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Chemy (The following information applies to the questions displayed below) View previous tem Greg's Bicycle...

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Chemy (The following information applies to the questions displayed below) View previous tem 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 Unita Unit Cont March 1 Total Cont Beginning inventory 20 $250 March 5 $ 5.000 Sale (5400 each) 15 March 9 Purchase 10 270 2.700 March 17 sale ($450 each) 8 March 22 Purchase 10 280 2.000 March 27 Sale (5475 each) 12 March 30 Purchase 300 2.700 $13,200 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. 3. Using LIFO, calculate ending Inventory and cost of goods sold at March 31. Ending inventory Cost of goods sold

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