Problem 6-6A (Part Level Submission) You are provided with the following information for Pharoah Inc. Pharoah Inc. uses the periodic system of accounting for its inventory transactions. March 1 Beginning inventory 2,050 liters at a cost of 61 per liter. March 3 Purchased 2,405 liters at a cost of 66 per liter. March 5 Sold 2,305 liters for $1.05 per liter. March 10 Purchased 3,990 liters at a cost of 73 per liter. March 20 Purchased 2,520 liters at a cost of 81 per liter. March 30 Sold 5,170 liters for $1.30 per liter. (a1) * Your answer is incorrect. 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 1,305 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: 485 liters from March 1; 585 liters from March 3; 2,900 liters from March 10; 1,200 liters from March 20. (2) FIFO (3) LIFO