Question: Please help with question a2 in the exact form it's in, the first time I asked this question, I was confused by their answer. Thank

Please help with question a2 in the exact form it's in, the first time I asked this question, I was confused by their answer. Thank you so much.

Please help with question a2 in the exact form it's in, thefirst time I asked this question, I was confused by their answer.Thank you so much. You have the following information for Concord Inc.

You have the following information for Concord Inc. Concord Inc. uses the periodic method of accounting for its inventory transactions. MarchMarchMarchMarchMarchMarch135102030Beginninginventory2,200litersatacostof804perliter.Purchased2,500litersatacostof84$perliter.Sold2,300litersfor$1.05perliter.Purchased4,000litersatacostof91$perliter.Purchased2,300litersatacostof99perliter.Sold5,000litersfor$1.25perliter. Calculate the value of ending imventory that would be reported on the balance sheet, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.50.) (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 (ii) The March 30 sale consisted of the following number of units sold from beginning imventory 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 Prepare partial income statements for 2022 through ross profit, undar each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 125.25 .) (1) Specificidentification method assuming: (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,200 liters from the March 3 purchase; and (2) FIFO

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