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! Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales...

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Accounting

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Required information
Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four
inventory methods (LO6-3,6-4,6-5)
[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.
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.
Problem 6-2A Part 1
Required:
Calculate ending inventory and cost of goods sold at March 31, using the specific identification method.
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