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

March 1		Beginning inventory 2,530 liters at a cost of 0.72 per liter.
March 3		Purchased 2,875 liters at a cost of 0.77 per liter.
March 5		Sold 2,530 liters for 1.17 per liter.
March 10		Purchased 4,600 liters at a cost of 0.84 per liter.
March 20		Purchased 2,875 liters at a cost of 0.92 per liter.
March 30		Sold 6,325 liters at a cost of 1.37 per liter.

Prepare partial income statements through gross profit, and calculate the value of ending inventory that would be reported on the statement of financial position, under each of the following assumptions. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 2 decimal places, e.g. 125.86) (1) Specific identification method assuming: (i) (ii) The March 5 sale consisted of 1,265 liters from the March 1 beginning inventory and 1,265 liters from the March 3 purchase; and The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 518 liters from March 1; 978 liters from March 3; 3,335 liters from March 10; 1,494 liters from March 20 (2) FIFO (3) Average-cost SHERIDAN PUSHERS Income Statement (partial) Specific Identification FIFO Average-cost