Help System Announcements OURCES Problem 6-06A al-a2 (Part Level Submission) You are provided with the following information for Crane Inc. Crane Inc. uses the periodic method of accounting for its inventory transactions March 1 Beginning inventory 2,000 liters at a cost of 600 per liter. March 3 Purchased 2,500 liters at a cost of 640 per liter. March 5 Sold 2,300 liters for $1.05 per liter. March 10 Purchased 4,000 liters at a cost of 714 per liter. March 20 Purchased 2,200 liters at a cost of 790 per liter. March 30 Sold 5,000 liters for $1.25 per liter. - (Part (a1) b1- al-az mission El your answer is incorrect. Try again. Calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cost flow assumptions. (Round answers to 2 decim (1) Specific identification method assuming: 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 C) 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 (2) FIFO (3) LIFO by Study Ending inventory Specific identification 3106 FIFO 3300 LIFO 2890 Click if you would like to show Work for this question: Open Show Work LINK TO TEXT ) Hor Crane Inc. Crane Inc. uses the periodic method of accounting for its inventory transactions cost of 600 per liter. per liter per liter e per liter wuld be reported on the balance sheet, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.50.) ers from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and owing 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; 1,100 liters from March 20. his questions on Show Work Attempts: 2 of 5