You have the following inforination for Concord Inc. Concord Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2.200 liters at a cost of 804 per liter. March 3 Purchased 2,500 liters at a cost of B44 per liter. March 5 Sold 2.300 liters for $1.05 per liter. March 10 Purchased 4,000 liters at a cost of 91c per liter. March 20 Purchased 2,300 liters at a cost of 99d per liter. March 30 Sold 5,000liters for $1.25 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 onwers to 2 decimal ploces, es. 125.50) (1) Specificidentification method assuming (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 pirchaseiand 450 Liters from March 1; 550 liters from March 3; 2.900 Liters from March 10; 1, 100 liters from March 20. (0) The March 5 sale conisisted of 1.000 liters from the March 1 beginning inventory and 1.300 liters from the March 3 purchases and (ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1;550 liters from March 3;2.900 liters from March 10; 1,100 liters from March 20. 2) FIFO 3) LIFO