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Super Marta regional convenience store chain, maintains mik inventory by the galon. The first month's milk purchases and sales at its Fronport, Florida, location follow

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Super Marta regional convenience store chain, maintains mik inventory by the galon. The first month's milk purchases and sales at its Fronport, Florida, location follow Click the icon to view the purchases and sales) Read the requirements G Requirement 1. Determine the amount that would be reported in ending merchandise Inventory on November 15 using the FIFO 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. (Enteral amounts to the nearest cont, SX XX. Enter the oldest inventory layers first) Get att Purchases Unit Cost Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Inventory on Hand Total Quantity Cost Cost Unit Date Quantity Nov. 2 G Incorrecto 8 13 Enter any number in the edit fields and then click Check Answer SUV Super Mart, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Freeport, Florida, location follow: (Click the icon to view the purchases and sales) Read the requirements Purchases Unit Cost of Goods Sold Unit Total Quantity Cost Cost Date Total Cost Quantity Inventory on Hand Unit Total Quantity Cost Cost Cost Nov. 2 6 8 13 Incorre 14 Totals - More Info tal ost Nov. 2 Purchased 11 gallons @ $2.15 each 6 Purchased 2 gallons @ $2.80 each 8 Sold 6 gallons of milk to a customer 13 Purchased 3 gallons @ $2.85 each 14 Sold 4 gallons of milk to a customer Print G Done 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.) Print Done

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