Travel Mart, a regional convenience store chain, maintains milk inventory by the gation. The first month's milk purchases and sales at ts San lemandino, Califormia, focation follow loon to view the purchases and sales) Read the rarements 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 butal t of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, SXXX. Enter the oldest inventory layers first.) Purchases Cost of Goods Sold leventory on Hand Unit Date Nov. 2 Quantity Cost Total Cost Unit Total Unit Total Quantity Cost Cost Quantity More infor Cost Cost " 13 Nov. 2 Nov Nov Nov. 13 Nov 14 Purchased 12 gallons @ $2.25 each Purchased 6 gallons @ $240 sach Bold 7 gallons of milk in a customer Purchased 3 gefions 53.00 sach Sold 4 gallons of mak to a ter Print Dona