You have the following information for Coronado Diamonds. Coronado Diamonds uses the periodic method of accounting for its inventory transactions. Coronado only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 Beginning inventory 153 diamonds at a cost of 314 per diamond. March 3 Purchased 204 diamonds at a cost of 357 each. March 5 Sold 188 diamonds for 612 each. March 10 Purchased 357 diamonds at a cost of 392 each. March 25 Sold 408 diamonds for 663 each. (a) Assume that Coronado Diamonds uses the specific identification cost flow method.