You have the following information 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 80 per liter.
March		3		Purchased 2,500 liters at a cost of 84 per liter.
March		5		Sold 2,300 liters for $1.05 per liter.
March		10		Purchased 4,000 liters at a cost of 91 per liter.
March		20		Purchased 2,300 liters at a cost of 99 per liter.
March		30		Sold 5,000 liters for $1.25 per liter.

Prepare partial income statements for 2022 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 1,300 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: 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

CONCORDINC. Income Statement (partial) choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022
		Specific Identification		FIFO		LIFO
select an opening name for this statement Cost of goods available for saleBeginning inventoryCost of goods soldEnding inventoryPurchasesSales revenueGross profit / (Loss)		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select an income statement item Sales revenueGross profit / (Loss)Beginning inventoryEnding inventoryPurchasesCost of goods soldCost of goods available for sale		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item PurchasesSales revenueCost of goods soldEnding inventoryCost of goods available for saleGross profit / (Loss)Beginning inventory		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Beginning inventoryPurchasesCost of goods available for saleCost of goods soldGross profit / (Loss)Sales revenueEnding inventory		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an income statement item Cost of goods available for saleGross profit / (Loss)Cost of goods soldBeginning inventorySales revenuePurchasesEnding inventory		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Gross profit / (Loss)Cost of goods available for saleCost of goods soldBeginning inventoryPurchasesSales revenueEnding inventory		enter a total amount for the second part		enter a total amount for the second part		enter a total amount for the second part
select a closing name for this statement Cost of goods soldBeginning inventoryEnding inventoryGross profit / (Loss)Sales revenueCost of goods available for salePurchases		$enter a total amount for this statement		$enter a total amount for this statement		$enter a total amount for this statement