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Ending inventory Specific identification $ 2156 FIFO 2388 LIFO $ 1856 e Textbook and Media Attempts: 2 of 3 used (a2) Prepare partial income statements
Ending inventory Specific identification $ 2156 FIFO 2388 LIFO $ 1856 e Textbook and Media Attempts: 2 of 3 used (a2) Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 125.25.) (1) Specific identification method assuming: (0) 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: 1,300 liters from March 20. (2) FIFO (3) LIFO SWIFTYINC. Income Statement (partial) For the Year Ended December 31, 2022 Specific Identification FIFO LIFO is revenue $ inning inventory chases tof goods available for sale ing inventory tof goods sold ss profit/(Loss) $ Ending inventory Specific identification $ 2156 FIFO 2388 LIFO $ 1856 e Textbook and Media Attempts: 2 of 3 used (a2) Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 125.25.) (1) Specific identification method assuming: (0) 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: 1,300 liters from March 20. (2) FIFO (3) LIFO SWIFTYINC. Income Statement (partial) For the Year Ended December 31, 2022 Specific Identification FIFO LIFO is revenue $ inning inventory chases tof goods available for sale ing inventory tof goods sold ss profit/(Loss) $
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