(Solved): AC114 Unit 9 Lab Assignment Question 10 of 10 -/10 View Policies Current Attempt in Progress You ha ...

AC114 Unit 9 Lab Assignment Question 10 of 10 -/10 View Policies Current Attempt in Progress You have the following information for Bramble Inc. Bramble Inc. uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 2.100 liters at a cost of 80c per liter. March 3 Purchased 2.500 liters at a cost of 82c per liter, March 5 Sold 2.300 liters for $1.05 per liter March 10 Purchased 4.000 liters at a cost of 89 per liter March 20 Purchased 2500 liters at a cost of 97e per liter March 30 Sold 5.100 liters for $1.25 per liter (at) Calculate the value of ending ventory that would be reported on the balance sheet, under each of the following cost flow umptions (Round answers to 2 decimal places, eg 125.50) 111 (a1) 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, eg. 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 0 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, 1.200 liters from March 20 (2) FIFO (3) LIFO Ending inventory Specific identification) 5 FIFO LIFO 14) Tu (3) LIFO Specific identification FIFO LIFO S eTextbook and Media (82) Ending inventory $ $ -/10 E Assistance Used Attempts: 0 of 5 used Sub A -/10 E (32) Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg. 125.25.) (1) Specific identification method assuming () 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 () 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: 1.200 liters from March 20 (2) FIFO (3) LIFO BRAMBLEINC Income Statement (partial) LIFO Specific identification FIFO 1 p Question 10 of 10 < eTextbook and Media w BRAMBLEING Income Statement (partial) Specific Identification FIFO Attempts Of Sued -/10 1 LIFO