Problem 6-05A al-a2 You are provided with the following information for Coronado Inc. Coronado Inc. uses the periodic method of accounting for its inventory transactions March Beginning inventory 2,000 liters at a cost of 700 per ter March ) Purchased 2.500 liters at a cost of 74 per liber March 5 Sold 2,300 sters for $1.05 per liter March 10 Purchased 4,000 liters at a cost of 814 per liter March 20 Purchased 2.500 trs at a cost of 890 per liter March 30 Sold 5.000 sters for $1.25 per liter Your answer is correct Calculate the value of ending inventory that would be reported on the balance sheet under each of the following costo assumptions. Round answers to 2 decimal places, e.g. 125.50.) (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 () 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; 1,100 ters from March 20. (2) FIFO (3) UFO Ending inventory Specific identification FIFO 3197 LIFO LINK TO TEXT Your answer is partially correct. Try again. Prepare partial income statements for 2020 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: The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1.300 liters from the March 3 purchases and (1) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase 450 liters from March 1: 550 ters from March 3: 2.900 rs from March 10, 1.100 wers from March 20 (2) FIFO (3) uro CORONADO INC Income Statement partial) For the Year Ended December 31, 2020 Specific Identification FIFO tory Purchase Cost of goods available for sale