US Weygandt, Accounting Principles, 13 Helo I System Announcements 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 60c per liter. March 3 Purchased 2,500 liters at a cost of 646 per liter. March 5 Sold 2,300 Sters for $1.05 per liter. CALCULATOR PRINTER VERSION BACK NE March 10 Purchased 4,000 liters at a cost of 71 per liter. March 20 Purchased 2,200 Sters at a cost of 794 per liter. March 30 Sold 5,000 liters for $1.25 per ter (#1) 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. 125.50.) (1) Specific identification method assuming (1) The March 5 sale consisted of 1,000 sters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; 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 liters from March 3; 2,900 iters from March 10; 1,100 liters from March 20 (2) FIFO (3) LIFO Specific identification FIFO Ending inventory LIFO Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT MacBook Air Attempts: 0 of 5 used SAVE POR LATER SUSHIT ANSWER