Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March 2012:...

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Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March 2012: Date Transactions Units Cost per Unit Total Cost March 1 Beginning inventory 20 $196 $3,920 March 5 Sale ($309 each) 15 March 9 Purchase 10 217 2,170 March 17 Sale ($364 each) 8 March 22 Purchase 10 231 2,310 March 27 Sale ($353 each) 12 March 30 Purchase 8 245 1,960 -------------------------------------------------------------------------------- $10,360 Using FIFO, calculate ending inventory and cost of goods sold at March 31, 2012. (Omit the "$" sign in your response.) Ending inventory $ Cost of goods sold $ Using LIFO, calculate ending inventory and cost of goods sold at March 31, 2012. (Omit the "$" sign in your response.) Ending inventory $ Cost of goods sold $ Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31, 2012. (Round the intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) Ending inventory $ Cost of goods sold $ . Calculate sales revenue and gross profit under each of the four methods. (Omit the "$" sign in your response.) Specific Identification FIFO LIFO Average Cost Sales revenue $ $ $ $ Gross profit $ $ $ $
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