Zippy, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Old Saybrook, Connecticut, location follow:

$(3)($Click the icon to view the purchases and sales.$)$

Read the equirements

$\backslash$table$[[$Date$,$Purchases,Cost of Goods Sold,Inventory on Hand$],[$Quantity$,\backslash$table$[[$Unit$],[$Cost$]],\backslash$table$[[$Total$],[$Cost$]],$Quantity,$\backslash$table$[[$Unit$],[$Cost$]],\backslash$table$[[$Total$],[$Cost$]],$Quantity,$\backslash$table$[[$Unit$],[$Cost$]],\backslash$table$[[$Total$],[$Cost$]]],[$Oct$.2],[6],[8],[13],[14],[],[,,,,,,,,,],[,,,,,,,,,],[$Iotals$,,,,$Imand,,,,,$]]$

Requirements

Determine the amount that would be reported in ending merchandise inventory on October $15$ using the FIFO inventory costing method.

Determine the amount that would be reported in ending merchandise inventory on October $15$ using the LIFO inventory costing method.

Determine the amount that would be reported in ending merchandise inventory on October $15$ using the weighted$-$average inventory costing method.

$($Round all amounts to the nearest cent, $$.xx.)$

Print

Done

More info

Oct. $2$ Purchased $12$ gallons @ $$1\mathrm{.}75$ each

Oct. $6$ Purchased $2$ gallons @ $$2\mathrm{.}10$ each

Oct. $8$ Sold $4$ gallons of milk to a customer

Oct. $13$ Purchased $5$ gallons @ $$2\mathrm{.}25$ each

Oct. $14$ Sold $6$ gallons of milk to a customer

Requirements$1.$ Determine the amount that would be reported in ending merchandise inventoryon October $15$ using the FIFO inventory costing method$2.$ Determine the amount that would be reported in ending merchandise inventoryon October $15$ using the LIFO inventory costing method$3.$ Determine the amount that would be reported in ending merchandise inventoryon October $15$ using the weighted$-$average inventory costing method.$($Round all amounts to the nearest cent, $X$.$ XX$.)$