You have the following information for Crane Inc. Crane Inc. uses the periodic method of accounting for its inventory transactions.

March		1		Beginning inventory 2,100 liters at a cost of 50 per liter.
March		3		Purchased 2,500 liters at a cost of 54 per liter.
March		5		Sold 2,300 liters for $1.05 per liter.
March		10		Purchased 4,000 liters at a cost of 61 per liter.
March		20		Purchased 2,300 liters at a cost of 69 per liter.
March		30		Sold 5,100 liters for $1.25 per liter.