inside track a regional convenient store chain maintains milk inventory by the gallon the first months milk purchases and sales at its Columbus Ohio location follow

November 2 purchased 10 gallons at $1.75 each

November 6 purchased 2 gallons at $2.05 each

November 8 sold 4 gallons of milk to a customer

November 13 purchased 2 gallons at $2.30 each

November 14 sold 4 gallons of milk to a customer

determine the amount that would be reported in ending merchandise inventory on November 15 using the weighted average inventory costing method

Enter the transactions in chronological order calculating new inventory on hand bounces after each transaction once all the transactions have been entered into the perpetual record calculate the quantity and total cost of merchandise inventory purchased sold and on hand at the end of the period