Question: Problem 6-6A (Part Level Submission) You are provided with the following information for Barton Inc. Barton Inc. uses the periodic method of accounting for its

 Problem 6-6A (Part Level Submission) You are provided with the following

Problem 6-6A (Part Level Submission) You are provided with the following information for Barton Inc. Barton Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 1,935 liters at a cost of 61 per liter March 3 Purchased 2,445 liters at a cost of 68 per liter March 5 Sold 2,245 liters for $1.03 per liter. March 10 Purchased 4,175 liters at a cost of 73 per liter March 20 Purchased 2,590 liters at a cost of 78c per liter. March 30 Sold 5,270 liters for $1.31 per liter. (al) 3Your 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 methods. (Round answers to O decimal places, e.g. 1250.) (1) Specific identification method assuming (i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,245 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: 480 liters from March 1; 590 liters from March 3; 2,870 liters from March 10; and 1,330 liters from March 20 (2) FIFO (3) LIFO Ending inventory Specific identification 262780 FIFO 277940 LIFO 233295

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