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.

Prepare partial income statements through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.25.) (1) Specific identification method assuming: (1) 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 Kingbird, Inc. Income Statement (partial) For the Month Ended March 31, 2019 Specific Identification FIFO LIFO Sales revenue 10373.25 $ 10373.25 10373.25 Beginning inventory 1122.30 1122.30 1122.30 Purchases 6262.95 6262.95 6262.95 Cost of goods available for sale 7385.25 7385.25 7385.25 Ending inventory Cost of goods sold Gross profit/(Loss)