Question 4 New Policies urrent Attempt in Progress You are provided with the following information for Concord Inc. Concord inc uses the periodic system of accounting for its inventory transactions March 1 Beginning i n 1915 at a cost of 62 per liter March 3 Purchased 2415 liters at a cost of 67 per liter March 5 Sold 2.275 liters for $1.00 per liter. March 10 Purchased 3.995 erat a cost of 74 per her March 20 Purchased 2420 inters at a cost of 82 per liter March 30 Sold 5.215 liters for $1.25 per liter Calculate the value ofending Inventory that would be reported on the balance sheet under ech of the following cost wassumption (Round answers to 2 decimal places 125.25) (1) Specite identication method a ming The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1.275 liters from the March purchase and The March 30 le consisted of the following number of its or i ginventory and each purchase 420 erro March 150 terstrom March 3: 2.00 berstrom March 30, 1.325ters from March 20 (2) FIFO (31 UFO Ending wentory Specific identications FO UFO Textbook and Media Save Attempts