w Policies w Attempt History arrent Attempt in Progress You are provided with the following information for Concord Inc. Concord Inc. uses the periodic system of accounting for its inventory transact March 1 Beginning inventory 1,915 liters at a cost of 62 per liter March 3 Purchased 2 415 liters at a cost of 67 per liter. March 5 Sold 2,275 liters for $1.00 per liter. March 10 Purchased 3.995 liters at a cost of 74 per liter. March 20 Purchased 2.420 ters at a cost of 82 per liter. March 30 Sold 5215 liters for $1.25 per liter (1) x Your answer is incorrect. Calculate the value ofending inventory that would be reported on the balance sheet under each of the following com flow asumptions. (Round answers to 2 decimal places, ..125.25) (1) Specic identication method assuming m) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1.275 liters from the March 3 purchase and on The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase 420 liters from March 1: 570 liters from March 32.900 liters from March 10, 1.325 liters from March 20 (2) FIFO (3) LIFO Ending Inventory 239700 Specific identications FIFO LIFO 208510 eTextbook and Media Attempts: 10 Save for Later