tory on July 15 using the FIFO inventory costing method. iter each transaction. Once all of the transactions have been entered in nearest cent. $X.XX. Enter the oldest inventory lavers first.) * More Info ua Jul.2 Purchased 12 gallons @ $2.20 each 6 Purchased 2 gallons @ $2.55 each 8 Sold 4 gallons of milk to a customer 13 Purchased 4 gallons @ $2.60 each 14 Sold 5 gallons of milk to a customer Print Done Clear All entory on hand balances after each transaction. Once all of the transactions have been entered into the perpe -(Enter all al FGoods Sol Requirements Unit Cost 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. 3. 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 Answer. Clear All Read the woments 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 the quantity and total Inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cont SXOC. 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 eat fields and then click Check Answer 2 Check Answ Q WE R T Y u op