The amount that would be reported in ending merchandise inventory using the FIFO method

19Sum ACG2021 CRN34305 Homework: Ch. 6 Homework Score: 0 of 10 pts 1 of 15 (8 complete) E6-15 (similar to) Zippy, a regional convenience store chain, maintains mik inventory by the gallon. The first month's milk purchases and sales at its Madison, Wisconsin, location follow (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 July 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 th Inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, SX XX. Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Enter any number in the edit fields and then click Check Answer parts remaining Clear All TUTU QUUTU Enter the oldest inventory layers first.) U no me perpetual record, calculate the quantity and total cost of me mnd Total i Cost Requirements 1. Determine the amount that would be reported in ending merchandise inventory on July 15 using the FIFO inventory costing method. 2. Determine the amount that would be reported in ending merchandise inventory on July 15 using the LIFO inventory costing method. Determine the amount that would be reported in ending merchandise inventory on July 15 using the weighted average inventory costing method. (Round all amounts to the nearest cent, $X.XX.) Print | Done Check Answer Clear All pry by the gallon. The first month's milk purchases and sales at its Madison, Wisco More Info n ending m psting method wentory on . (Enter all ctions have b. pry layers first Jul. 2 Purchased 8 gallons @ $1.75 each 6 Purchased 1 gallons @ $2.20 each 8 Sold 3 gallons of milk to a customer 13 Purchased 2 gallons @ $2.60 each 14 Sold 4 gallons of milk to a customer f Goods so Unit Cost Requiremen Print Done Determine the on July 15 usin Determine the on July 15 using