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 64 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 79 per liter. March 30 Sold 5,000 liters for $1.25 per liter. (a1) x] 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 de (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 Man (2) FIFO (3) LIFO Ending inventory Specific identification FIFO LIFO Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT for Crane Inc. Crane Inc. uses the periodic method of accounting for its inventory transactions cost of 600 per liter. 40 per liter 10 per liter 90 per liter would be reported on the balance sheet, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.50.) liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase, and mollowing 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. or this question: Qen Shew Work Attempts I of Sused (Video) 6A al-a2 Submission Calculate the value of ending inventory that would be reported on the balance sheet, under each of the follow (1) Specific identification method assuming: (1) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from (11) The March 30 sale consisted of the following number of units sold from beginning inventory and each (2) FIFO (3) LIFO ts by Study Ending inventory X Specific identification $ x FIFO DUI LIFO Click if you would like to Show Work for this question: Qren Show Work LINK TO TEXT