Prepare partial income statements 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 1,380 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

Prepare partial income statements 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 1,380 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 Cheyenne Corp. Income Statement (partial) For the Month Ended March 31, 2019 Specific Identification FIFO LIFO Sales revenue Beginning inventory Purchases Purchases Purchases X Ending inventory Gross profit/ (Loss) Problem 6-6A (Part Level Submission) 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