4BACK NEXT Problem 6-6A (Part Level Submission) You are provided with the following information for Tamarisk, Inc. Tamarisk, 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. (ai) Your answer is partially correct. Try again. Calculate the value of ending inventory that would be reported on the balance sheet, 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 1,285 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 2406.2 Your answer is partially correct. Try again. Calculate the value of ending inventory that would be reported on the balance sheet, 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 1,285 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 2406.2 x FIFO 11478.60 x LIFO 5755.7 A