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You are provided with the following information for Cheyenne Corp. Cheyenne Corp. uses the periodic system of accounting for its inventory transactions. March 1 Beginning inventory 2,090 liters at a cost of 610 per liter. March 3 Purchased 2,465 liters at a cost of 660 per liter. March 5 Sold 2,380 liters for $1.05 per liter. March 10 Purchased 3,940 liters at a cost of 730 per liter. March 20 Purchased 2,405 liters at a cost of 810 per liter. March 30 Sold 5,130 liters for $1.25 per liter. (a1) 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 decimal places, eg. 125.25.) (1) Specific identification method assuming: (1) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,380 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: 420 liters from March 1:575 liters from March 3: 2.900 liters from March 10; 1,235 liters from March 20. (2) FIFO (3) LIFO Ending Inventory Specific identification $ FIFO $ LIFO $