(1) (Click the icon to viow the purchases and sales) Read the tewutoments. Requirement 3. Determine the anount that would be reportod in ending merchandise inventory on May 15 using the weghed-average inventory costrng method Enter the transoctions in chronological order, calculating now inwentory on hand tolances after each fransaction Once all of the transactions have been entered into the perpetuai re quaritity and lotal cost of merchandise irventory purchased, sold, and on hand at the end of the period (Entor all amounts to the nearest cent, 5. XX)