You are provided with the following information for Marigold Corp. Marigold Corp. uses the periodic system of accounting for its inventory transactions. March 1 Beginning inventory 2,050 liters at a cost of 60 per liter. March 3 Purchased 2,455 liters at a cost of 65 per liter. March 5 Sold 2,255 liters for $1.10 per liter. March 10 Purchased 4,130 liters at a cost of 72 per liter. March 20 Purchased 2,505 liters at a cost of 80 per liter. March 30 Sold 5,175 liters for $1.30 per liter. 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 1,255 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: 400 liters from March 1; 570 liters from March 3; 2,900 liters from March 10; 1,305 liters from March 20. (2) FIFO (3) LIFO Ending Inventory * Specific identification 5317.35 X FIFO 5192.35 XI LIFO 6853.25 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: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,255 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: 400 liters from March 1; 570 liters from March 3; 2,900 liters from March 10; 1,305 liters from March 20. (2) FIFO (3) LIFO Marigold Corp. Income Statement (partial) Specific Identification FIFO LIFO $ >