Please do not give solution in image format thanku You have the following information for Swifty Inc. Swifty Inc. uses the periodic method of accounting for its inventory transactions.1 Beginning inventory 2.200 liters at a cost of 70¢ per liter.3 Purchased 2,500 liters at a cost of 74¢ per liter.MarchMarchMarch5Sold 2,300 liters for $1.05 per liter.Purchased 4,000 liters at a cost of 81¢ per liter.Purchased 2,300 liters at a cost of 89¢ per liter.March 10March 20March 30 Sold 5,200 liters for $1.25 per liter. Prepare partial income statements for 2022 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, eg: 125.253(1) Specific identification method assumingThe March 5 sale consisted of 1.000 liters from the March 1 beginning inventory and 1.300 liters from the March 3 purchase and(1) 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, 1,300 liters from March 20(2) FIFO(3)LIFOSWIFTYING.Income Statement (partial)Specific IdentificationFIFOLIFO

Name: Please do not give solution in image format thanku You have the follow
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Please do not give solution in image format thanku You have the following information for Swifty Inc. Swifty Inc. uses the periodic method of accounting for its inventory transactions.1 Beginning inventory 2.200 liters at a cost of 70¢ per liter.3 Pu

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You have the following information for Swifty Inc. Swifty Inc. uses the periodic method of accounting for its inventory transactions. 1 Beginning inventory 2,200 liters at a cost of 70¢ per liter. 3 Purchased 2,500 liters at a cost of 74€ per liter. Sold 2,300 liters for $1.05 per liter. Purchased 4,000 liters at a cost of 81¢ per liter. Purchased 2,300 liters at a cost of 89¢ per liter. Sold 5,200 liters for $1.25 per liter. March March March 5 March 10 March 20 March 30