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Need Cost of Goods Sold and Gross profit (Loss) for LIFO. ...

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Accounting

Need Cost of Goods Sold and Gross profit (Loss) for LIFO.
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Calculate the value of ending imventory that would be reported on the balance sheet, under each of the following cost fow assumptions. (Round answers to 2 decimal places, es 125.50) (1) Specificidentification method assuming ourchase; and (i) The March 30 sale consisted detie followire eumber of units sold from beginning inventory and each purchase: 4SOliters from March 1: 550 liters from March 3; 2,900 liters from March 10. 1, 100 liters from March 20 . (2) FIFO (3) LiFO You have the following information for Oriole Inc. Oriole Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2,200 liters at a cost of 60c per liter. March 3 Purchased 2.500 liters at a cost of 70

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