More info Roquirement 1. Determine the amount that would be reported in ending merchandise invertory on January 15 using the FIFO inveritory cossting method. Enier the transacions in chrondlogical arder, caloulating new inventory on hand balancos af or each transaction. Once al of the transactions have been entered into the perpetual record, calculate the quantity and total cont of merchandise inventory purchased, wold, and on hand at the end of the period. (Enter all amounts to the nearest cent, 3 CoC Enter the oblest inventory layers fint)