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Problem 6-6A (Part Level Submission) You are provided with the following information for Blue Spruce...

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Problem 6-6A (Part Level Submission) You are provided with the following information for Blue Spruce Corp. Blue Spruce Corp. uses the periodic system of accounting for its inventory transactions. March 1 Beginning inventory 2,060 liters at a cost of 60c per liter. March 3 Purchased 2,405 liters at a cost of 65 per liter. March 5 Sold 2,325 liters for $1.10 per liter. March 10 Purchased 4,175 liters at a cost of 72 per liter. March 20 Purchased 2,535 liters at a cost of 804 per liter. March 30 Sold 5,290 liters for $1.25 per liter. (1) x Your 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 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 1,325 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; 530 liters from March 3; 2,900 liters from March 10; 1,395 liters from March 20. (2) FIFO (3) LIFO Ending Inventory Specific identification 29736.25 FIFO 5067.25 LIFO 5622.25

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