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Current Attempt in Progress You have the following information for Bramble Inc. Bramble Inc. uses the periodic method of accounting for its inventory transactions. March

image text in transcribedimage text in transcribed Current Attempt in Progress You have the following information for Bramble Inc. Bramble Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,100 liters at a cost of 80 per liter. March 3 Purchased 2,500 liters at a cost of 82d per liter. March 5 Sold 2,300 liters for $1.05 per liter. March 10 Purchased 4,000 liters at a cost of 89d per liter. March 20 Purchased 2,500 liters at a cost of 97d per liter. March 30 Sold 5,100 liters for $1.25 per liter. Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.25.) (1) Specific identification method assuming: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and (ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1;550 liters from March 3;2,900 liters from March 10; 1,200 liters from March 20. (2) FIFO

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