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Nov.2 Purchased11gallons@$2.15 each Nov. 6 Purchased 2 gallons @ $2.80 each Nov. 8 Sold 6 gallons of milk to a customer Nov. 13.Purchased 3 gallons

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Nov.2 Purchased11gallons@\$2.15 each Nov. 6 Purchased 2 gallons @ \$2.80 each Nov. 8 Sold 6 gallons of milk to a customer Nov. 13.Purchased 3 gallons @ \$2.85 each Nov. 14 Sold 4 gallons of milk to a customer Requirements 1. 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. 3. 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, \$X.XX.) Super Mart, a regional corvenience store chain, maintains milk inventory by the gallon. The frst month's milk purchases and sales at its Freeport, Florida, location follow: (1. (Click the icon to view the purchases and sales.) Read the Requirement 1. Delermine the amount that would be reporied in ending merchandise inventory on Noverrber 15 using the FIFO inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balances atior each transaction. Once al of the transactions have been entered into the perpetual rocord, calct the quanthy and total cost of morchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $. XX. Enter the oldest inventory layers first

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