You are provided with the following information for Barton Inc. Barton Inc. uses the periodic method of accounting for its inventory transactions.

March		1		Beginning inventory 1,945 liters at a cost of 59 per liter.
March		3		Purchased 2,570 liters at a cost of 64 per liter.
March		5		Sold 2,270 liters for $1.14 per liter.
March		10		Purchased 3,855 liters at a cost of 69 per liter.
March		20		Purchased 2,555 liters at a cost of 77 per liter.
March		30		Sold 5,195 liters for $1.27 per liter.

(ALREADY SOLVED) Calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cost flow methods.

(1)	Specific identification method assuming:
	(i)	The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,270 liters from the March 3 purchase; and
	(ii)	The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 410 liters from March 1; 520 liters from March 3; 2,845 liters from March 10; and 1,420 liters from March 20.
(2)	FIFO
(3)	LIFO

	ending inv.
specific identification	2385.7
FIFO	2592
LIFO	2118

PART 2 (NEED HELP HERE): Prepare partial income statements through gross profit, under each of the following cost flow methods; show work.

(1)	Specific identification method assuming:
	(i)	The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,270 liters from the March 3 purchase; and
	(ii)	The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 410 liters from March 1; 520 liters from March 3; 2,845 liters from March 10; and 1,420 liters from March 20.
(2)	FIFO
(3)	LIFO

BARTON Inc. Income Statement (partial) For the Year Ended December 31, 2015

	specific identification	FIFO	LIFO
SALES REVENUE
BEGINNING INV.
PURCHASES
COST OF GOODS AVAILABLE FOR SALE
ENDING INV.
COST OF GOODS SOLD
GROSS PROFIT