Purchases Inventory on Hand Total Cost of Goods Sold Unit Total Quantity Cost Cost Total 0 Unit Cost More Info Date Quantity Cost Quantity Unit Cost 1.75 Cost 1.75 Jan. 2 Purchased 12 gallons @ $1.75 each 6 Purchased 2 gallons@ $2.10 each 8 Sold 4 gallons of milk to a customer 13 Purchased 5 gallons @ $2.25 each 14 Sold 6 gallons of milk to a customer Print Done Totals Requirement 2. Determine the amount that would be reported in ending merchandise inventory on January 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 inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $XXX. Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Unit Total A More Info - X Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 2 Purchased 12 gallons @ $1.75 each 6 Purchased 2 gallons @ $2.10 each 8 Sold 4 gallons of milk to a customer 13 Purchased 5 gallons @ $2.25 each 14 Sold 6 gallons of milk to a customer Print Done Totals Requirement 3. Determine the amount that would be reported in ending merchandise inventory on January 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, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $XXX.) Purchases Inventory on Hand Unit Total Cost of Goods Sold Unit Total Quantity Cost Cost - Unit X Total More Info Date Quantity Cost Cost Quantity Cost Cost Jan. 2 Jan. 2 Purchased 12 gallons @ $1.75 each 8 Purchased 2 gallons @ $2.10 each 8 Sold 4 gallons of milk to a customer 13 Purchased 5 gallons @ $2.25 each 14 Sold 6 gallons of milk to a customer Totals Print Done Enter any number in the edit fields and then continue to the next