sie J MTP VI TV UHO F6-15 (similar to) Express Lane, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Charlo (Click the icon to view the purchases and sales.) Read the requirements. Requirement 1. Determine the amount that would be reported in ending merchandise inventory on October 15 using the FIFO inventory costing me Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have b 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 Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Oct. 2 6 Enter any number in the edit fields and then click Check Answer 2 parts remaining Clear All EF6-15 (similar to) Express Lane, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Cha (Click the icon to view the purchases and sales.) Read the requirements. 8 13 14 Totals Enter any number in the edit fields and then click Check Answer 2 parts remaining Clear All i More Info - X Oct. 2 Purchased 8 gallons @ $2.00 each Oct. 6 Purchased 4 gallons @ $2.60 each Oct. 8 Sold 5 gallons of milk to a customer Oct. 13 Purchased 1 gallons @ $2.80 each Oct. 14 Sold 2 gallons of milk to a customer Print Done * 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, $X.XX.) Print Done Clear All