Fast Mart, a regional convenience store chain, maintains mik inventory by the gallon. The first month's milk purchases and sales at its Tempe, Arizona, location follow Click the icon to view the purchases and sales.) Read the requirements Requirement 1. Determine the amount that would be reported in ending merchandise inventory on October 15 using the FIFO inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balance after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchande Inventory purchased sold, and on hand at the end of the period. (Enteral amounts to the nearest cent SXXX. Enter the oldest inventory layers first.) Cost of Goods Sold Inventory on Hand Total Total Cost Cost Quantity Cost Unit Cost Cost Quantity i More Info Oct. 2 Purchased gallons@ $1.00 each 6 Purchased 1 gallons @ $2.25 each 8 Sold 3 gallions of milk to a customer 13 Purchased 2 gallons $2.65 each 14 Sold 4 gallons of milk to a customer Print Done Totals