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Complete this question by entering your answers in the tabs below. Calculate sales revenue and gross profit under each of the foudmethods. (Round welphted-average urnt cost amounts to 4 decimal places;) Complete this question by entering your answers in the tabs below. Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month or March Greg's Bicycle Shop uses a periodic inventory system. For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 saie 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 idenufication method. 2. Using FIFO, caiculate ending inventory and cost of goods sold at March 31 , 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31 4. Using weighted-overage cost, calculate ending inventory and cost of goods sold at March 31. 5. Calculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO. which one provides the more meaningful measure of ending inventory? 7. If Greg's Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. If Greg's Brycle Shop chooses to report inventory using LIFO instnad of FFO, record the LIFO adjustment. (If no entry is required for a transaction/event. select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the LIFO adjustment. Nobet Enter debiss before credits

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