| 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 | |||||||
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