Oct. 2 Purchased 8 gallons @ $2.00 each Oct. 6 Purchased 4 gallons @ $2.60 each Sold 5 gallons of milk to a customer Oct. 8 Oct. 13 Purchased 1 gallons @ $2.80 each Oct. 14 Sold 2 gallons of milk to a customer k inventory by the gallon. The first month's milk purchases and sales at its Madison, Wisconsin, location follow: d in endir inventory od. (Ente t of Good Unit Cost Requirements 1. Determine the amount that would be reported in ending merchandise inventory on October 15 using the FIFO inventory costing method. 2. Determine the amount that would be reported in ending merchandise inventory on October 15 using the LIFO inventory costing method. 3. Determine the amount that would be reported in ending merchandise inventory on October 15 using the weighted-average inventory costing method. (Round all amounts to the nearest cent, SX.XX.) Print Done - X ual record, ca Travel Mart, regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Madison, Wisconsin, location follow Requirement 1. Determine the amount that would be reported in ending merchandise inventory on October 15 using the FIFO inventory costing method Enter than in chronological order, calculating new inventory on hand balances after each transaction Once all of the transactions have been entered into the perpetual record, calculate the quantity and cost of hand Inventory purchased, sold, and on hand at the end of the period (Enter all amounts to the nearest cent, SXXOC Enter the oldest inventory Purchases Unit Cost of Goods Sold Total Unit Total Dale Quantity Cost Cost Quantity Cost Cost Quantity Inventory on Hand Unit Cost Total Cost Oct 2 13 14 esc Search or type URL Next Requirement 2. Determine the amount that would be reported in ending merchandise inventory on October 15 using the LIFO inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise invertory purchased, sold, and on hand at the end of the period (Enter all amounts to the nearest cent, SXXX Enter the oldest inventory lays first) Purchases Unit Date Quantity Cost Total Cost Cost of Goods Sold Unit Inventory on Hand Quantity Cost Total Cost Unit Total Quantity Cost Cost Oct. 2 Toas Requirement 3. Determine the amount that would be reported in ending merchandise inventory on October 15 using the weighted average inventory costing method Enter the transacions in chronological order, calculating new inventory on hand balances after each transaction. Once at of the transactions have been need into the perpetual record, calculate the quantity and it cost of cand inventory purchased sold and on hand at the end of the period. Entar al amounts to the nearest centXXX) 13 14 esc 13 3 G Search or type URL 95 6 & A 7 B 6 0 Next 4 Requirement 3. Determine the amount that would be reported in ending merchandise inventory on October 15 using the weighted average inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, colculate the quantity and total cost of mehand Inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent$XXXX) Purchases Unit Cost of Goods Sold Total Uni Total Inventory on Hand Unit Total Date Oct 2 Quantity Cost Cost Quantity Cost Cont Quantity Cost Cost a 13 14 exic # $ 3 4 95 Search or type URL 66 A 67 T 8 9 0 Next