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

 Problem 6-6A (Part Level Submission) You are provided with the following
information for Bramble Corp. Bramble Corp. uses the periodic method of accounting

Problem 6-6A (Part Level Submission) You are provided with the following information for Bramble Corp. Bramble Corp. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,000 liters at a cost of 58t per liter. March 3 Purchased 2,480 liters at a cost of 634 per liter March 5 Sold 2,280 liters for $1.05 per liter March 10 Purchased 3,835 liters at a cost of 704 per liter March 20 Purchased 2,555 liters at a cost of 78 per liter. March 30 Sold 5,265 liters for $1.35 per liter (al) 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 1,280 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: 465 liters from March 1: 520 liters from March 3; 2,900 liters from March 10; 1,380 liters from March 20 (2) FIFO (3) LIFO Ending Inventory Specific identification FIFO LIFO LINK TO TEXT Attempts: 0 of 5 used

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