Dragt , a regional convenience store chain, maintains mik inventory by the gallion. The first month's milk purchases and sales at its Columbus, Ohio, location follow (Click the icon to view the purchases and sales) Read the remonts Requirement 1. Dotermine the amount that would be reported in ending marchandise inventory on May 15 sing the FIFO Inventory conting method Enter the transactions in chronological order, calculating new inventory on hand balances for each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory burchased, sold, and on hand at the end of the period. E r all amounts to the nearest cont, SXXX. E r the oldest inventory layers first) Cost of Good Sold inventory on Hand Unit Unit More Info Total Unit Quantity Cost Cost Ouantity Cost Cost Quantity Cost Mary 2 Purchased a los $1.00 each 6 Purchased 2 tons 5200 each 8 Sold 3 gallons of mik to a customer 13 Purchased a s 53 20 sach 14 S 4 galions of milk to a customer Prire | Done Enter any number in the edit fields and then continue to the next question. purchases and sales of Columbus, Ohio, location follow Drag Strip, a regional convenience store chain, maintains milk inventory by the galon. The first month's (Click the con lo view the purchases and Read the requirement Total d p recondinite the quantity and to Requirement 2. Determine the amount that would be reported in onding merchandisinvertory on May 15 using the LFO inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balancestor och r adion non al of the nation a n cost of merchandisinvertory purchased, sold, and on hand the end of the period amounts to the nearest sx More info Cost of Goods Sold Inventory and Total can cuently Date Cost Cost Quantity Quantity Cost May 2 Purchased alions $1.00 h Purchased 2 gallons 1200 math 8 Soldatons of milk to customer 13 Purchased alios 20 each 14 Sold & gatons of mikla a customer Print Done Enter any number in the salt nalan and then continue to the next question, Drag Strip, a regional convenience store chain, maintains milk inventory by the guion. The first month's milk purchases and sales at its Columbus, Ohio, location follow (Click the icon to view the purchases and sales.) Read the Requirement 3. Determine the amount that would be reported in ending merchandise inventory on May 15 using the weighted average Inventory costing method. Enter the transactions in chronological order, coating new inventory on hand balances or each transaction. Once all of the transactions have been entered into the perpetual record, calculate the cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Emerall amounts to the nearest cont. $X Purchases Cost of Goods Sold Inventory on Hand * More Info Total Total Quantity Cost Quantity Cost May 2 Purchased Ballons $190 each 6 Purchased 2 onlions $2.00 each 8 Sold 3 gallons of milk to customer 13 Purchased 1 gallons 53 20 each 14 Sold 4 gallons of milk to a customer Print Done Enter any number in the dit fields and then continue to the next