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  3. on 1017 required information (the following inform

on 1017 Required information (The following information applies to the questions displayed below.) Greg's Bicycle...

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Accounting

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on 1017 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, 3 points Unit Cost $245 Total Cost $ 4,900 Boke Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 265 Transactions Beginning inventory Sale ($390 each) Purchase Sale ($440 each Purchase Sale ($465 each) Purchase Print Units 20 15 10 8 10 12 8 2,650 References 275 2,750 295 2,360 $12,660 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 mathas Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Answer is not complete

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