High Road, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its San Bernardino, California, location follow:

$($Click the icon to view the purchases and sales.$)$

Requirements

Determine the amount that would be reported in ending merchandise inventory on May $15$ using the FIFO inventory costing method

Determine the amount that would be reported in ending merchandise inventory on May $15$ using the LIFO inventory costing method.

Determine the amount that would be reported in ending merchandise inventory on May $15$ using the weighted$-$average inventory costing method

$($Round all amounts to the nearest cent, $$xx)$

More info

$\backslash$table$[[$May $2,$Purchased $12$ gallons @ $$2\mathrm{.}20$ each$],[$May $6,.$ Purchased $2$ gallons @ $$2\mathrm{.}55$ each$],[$May $8,$Sold $4$ gallons of milk to a customer$],[$May $13,$Purchased $4$ gallons @ $$2\mathrm{.}60$ each$],[$May $14,$Sold $5$ gallons of milk to a customer$]]$