GAAP at states significant items must conform to E6-15 Comparin 15 Comparing inventory methods Super Mart, a regional convenience store chain, maintains milk inventory The first months milk purchases and sales at its Freeport, Florida, location Learning Objective 2 ain, maintains milk inventory by the gallon. es at its Freeport, Florida, location follow: 1. Ending Merch. w. 516.30 Nov. 2 Purchased 11 gallons @ $2.15 each 6 Purchased 2 gallons @ $2.80 each 8 Sold 6 gallons of milk to a customer 13 Purchased 3 gallons @ $2.85 each 14 Sold 4 gallons of milk to a customer Requirements 1. Determine the amount that would be reported in ending merchandise inventory on November 15 using the FIFO inventory costing method. 2. Determine the amount that would be reported in ending merchandise inventory on November 15 using the LIFO inventory costing method. 3. Determine the amount that would be reported in ending merchandise inventory on November 15 using the weighted average inventory costing method. Round all amounts to the nearest cent