Inside Track, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Schenectady, New York, location follow icon to view the purchases aand sales.) i (Click Read the reguirements eamount that would be reported in ending merchandise inventory on May 15 using the FIFO inventory costing method. Requirement 1. Determine quantity and total cost of mercheandise inventory purchased, sold, and on nce all of the transactions have been entered into the perpetual record, calculate t hand at the end f the erind (Entr all amounts to th rearcet cent sx XX Fnter the pidcst ientory Inwers fret Purchases Cost of Goods Sold Hand Inventory a Uni Total Unit Total Tota Unls Quantity Quantity Date Cost Cost Quantity Cost Cost Cost Cost More Info May May 2 Purchased 6 Purchased 2 gallons $2.65 each galons $2.00 each 13 Purchased 2 aalions 5 70h 14 Sold 3 gallons of milk to a customer 13 Print Done 14 Totals Enter any number in the edit fields and then click Check