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Nov. 2 Purchased 12 gallons @$1.90 each 6 Purchased 3 gallons @ $2.20 each 8 Sold 4 gallons of milk to a customer 13 Purchased
Nov. 2 Purchased 12 gallons @$1.90 each 6 Purchased 3 gallons @ $2.20 each 8 Sold 4 gallons of milk to a customer 13 Purchased 2 gallons @ $2.35 each 14 Sold 6 gallons of milk to a customer Requirements 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. 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
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