Zippy, a regional convenience store chain, maintains milk 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 2. Determine the amount that would be reported in ending merchandise inventory on January 15 using the LIFO 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 (Enter all amounts to the nearest cent, SXXX Enter the oldest inventory layers fest.) Cost of Goods Sold Purchases Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 2 6 Question 2, EF6-15 (similar to) Part 2 of 3 HW Sco Poi store chain, maintains milk inventory by the gallon. The first month's milk purchases a purchases and sales.) - e an nolo Jan. 2 and Jan. 6 Purchased 4 gallons @$2.60 each More info Purchased 8 gallons @$2.00 each ary 15 using ti saction. Once he end of the Jan. 8 hase Jan. 13 Sold 5 gallons of milk to a customer Purchased 1 gallons @ $2.80 each on Hand nit Gost hit Tota Jan. 14 Sold 2 gallons of milk to a customer ost Cost M B Print Done