X GET GET - Overview - Cornell U X NB0n1s4zVsLwYnIDwu9XsUSBUOJFslexD8/edit Help ial -|- [11 000 000 F4 nding Merch. Inv. $16.30 F5 + Learning Objective 2 E-F:6-15 Comparing inventory methods I P Page 6-38 BIU A 3 CO X 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 FC 5 MacBook Air Google Docs: Online Docu 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: E = = := E Requirements 1. Determine the amount that would be reported in ending merchandise inventory on November 15 using the FIFO inventory costing method. 6 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 u