P6-6B You are provided with the following information for Rondelli Inc. Rondelli Inc. uses the periodic method of accounting for its inventory transactions.

March 1 March 3 March 5 March 10 March 20 March 30 Beginning inventory 1,500 litres at a cost of 40$ per litre.

Purchased 2,000 litres at a cost of 45$ per litre.

Sold 1,800 litres for 60$ per litre.

Purchased 3,500 litres at a cost of 49$ per litre.

Purchased 2,000 litres at a cost of 55$ per litre.

Sold 4,500 litres for 70$ per litre