Weygandt, Accounting Principles, 12e PRINTER VERSION BACK Problem 6-6A You are provided with the following intormation for Gobler Inc. Gobler Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,000 liters at a cost of 60e per liter. March 3 Purchased 2,450 liters at a cost of 694 per liter. March 5 Sold 2,250 liters for $1.10 per liter March 10 Purchased 4,200 liters at a cost of 77t per liter March 20 Purchased 2,500 liters at a cost of 80t per liter. March 30 Sold 5,1dd liters far $1.25 per liter. Brief Exercise 6-3 Calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cast fow assurmptions. (Round ansvers to 2 decinmal places, e.g. 125.50.) (1) 5pecific identification method assuming: (l) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,250 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: 400 liters from March 1:550 lters from March 3: 2.950 liters from March 10; 200 liters from March 20. (2) FIFO (3) LIFO Ending inventory Specific identificatian FIFO LIFO prepare partial income statements through gross profit, under each of the following cost flow assumptions. (Round nswers to 2 decrna, places, eg. 125.25.)