que su poyeu wew Greg's Bicycle Shop has the following transactions related to its top-selling...
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que su poyeu wew 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 March Units Unit Cost 1 Beginning inventory Total Cont 20 $250 March 5 Sale ($400 each) $5,000 15 March 9 Purchase 10 270 2,700 March 17 Sale ($450 each) 8 March 22 Purchase 10 280 2,800 March 27 Sale ($475 each) 12 March 30 Purchase 9 300 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 Answer is complete but not entirely correct. $ 3,950 Ending inventory Cost of goods sold $ 9,250
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