You are provided with the following information for Kingbird, Inc. Kingbird, Inc. uses the periodic system of accounting for its inventory transactions. March 1 Beginning inventory 2,080 liters at a cost of 61 per liter. March 3 Purchased 2,420 liters at a cost of 66 per liter. March 5 Sold 2,285 liters for $1.10 per liter. March 10 Purchased 3,830 liters at a cost of 73 per liter. March 20 Purchased 2,585 liters at a cost of 81 per liter. March 30 Sold 5,145 liters for $1.35 per liter. (a1) * Your answer is incorrect. 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, e.g. 125.25.) (1) Specific identification method assuming: (i) The March 5 sale consisted of 1.000 liters from the March 1 beginning inventory and 1,285 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: 440 liters from March 1; 525 liters from March 3; 2,900 liters from March 10; 1,280 liters from March 20. (2) FIFO (3) LIFO Ending Inventory Specific identification $ -1508.10 0 FIFO -3959.00 0 LIFO 2288.65