AC114 Unit 9 Lab Assignment Question 10 of 10 View Policies Current Attempt in Progress -/10 You have the following information for Bramble Inc. Bramble Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2.100 liters at a cost of 80 per liter March 3 Purchased 2.500 liters at a cost of 82c per liter March March 10 March 20 March 5 Sold 2.300 liters for $1.05 per liter Purchased 4.000 siters at a cost of 69 per liter Purchased 2.500 liters at a cost of 97e perliter 30 Sold 5.100 liters for $125 per ce (a) Calculate the value of ending ventory that would be reported on the balance sheet, under each of the following cost flow tumptions (Round answers to 2 decimal places, eg 125.50) (a1) 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, eg. 125.50) (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 0) 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, 1.200 liters from March 20 (2) FIFO (3) LIFO Ending inventory Specific identification 5 FIFO LIFO (3) LIFO Ending inventory Specific identification $ FIFO $ LIFO (a2) -/10 E eTextbook and Media - Assistance Used Attempts: 0 of Sused Sub Avtower (a2) -/10 EE Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 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 (i) 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: 1.200 liters from March 20 (2) FIFO (3) LIFO BRAMBLEINC Income Statement (partial) Specific Identification FIFO LIFO Question 10 of 10 < BRAMBLEINC Income Statement (partial) Specific Identification -/10 1 FIFO LIFO eTextbook and Media Attempt Of Sued