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

March 1 Beginning inventory 2,075 liters at a cost of 60 per liter. March 3 Purchased 2,430 liters at a cost of 65 per liter. March 5 Sold 2,285 liters for $1.10 per liter. March 10 Purchased 3,860 liters at a cost of 72 per liter. March 20 Purchased 2,475 liters at a cost of 80 per liter. March 30 Sold 5,180 liters for $1.35 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 to 2 decimal places)

(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: 425 liters from March 1; 565 liters from March 3; 2,900 liters from March 10; 1,290 liters from March 20. (2) FIFO (3) LIFO Ending Inventory * Specific identification 240620 X FIFO 262800 x LIFO 209000