Your answer is partially correct. 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. 125.50.) (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 inventory 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 Specific identification FIFO LIFO Ending inventory 3,533 3,749 3,293 Problem 6-06A al-a2 (Part Level Submission) You are provided with the following information for Lily Inc. Lily Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,200 liters at a cost of 80 per liter. March 3 Purchased 2,500 liters at a cost of 844 per liter. March 5 Sold 2,300 liters for $1.05 per liter, March 10 Purchased 4,000 liters at a cost of 91 per liter. March 20 Purchased 2,500 liters at a cost of 99 per liter. March 30 Sold 5,000 liters for $1,25 per liter