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Zippy, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Columbus, Ohio, location follow (Click the icon to view the purchases and sales) Read the requirements (Enter at amounts to the nearest cent, SXXX 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 100 Nov. 2 15:20 2.00 4.00 More Info Cost 0 Pu Pu 3.20 320 Nov. 2 Nov. 6 Nov. 8 13 So Nov. 13 P Nov. 14 SE 14 22.40 4 of 5 (4 complete) Columbus, Ohio, location follow - X More Info Nov. 2 Purchased 8 gallons @ $1.00 each Nov. 6 Purchased 2 gallons @ $2.00 each Nov. 8 Sold 3 gallons of milk to a customer Nov. 13 Purchased 1 gallons @ $3.20 each Nov. 14 Sold 4 gallons of milk to a customer Print Done nventory costing method. ansactions have been entered into the perpetual record, calculate the quantity and total cost of 4 of 5 (4 complete) milk purchases and sales at its Columbus, Ohio, location follow. - X 0 Requirements 1. Determine the amount that would be reported in ending merchandise inventory on November 15 using the FIFO inventory costing method. 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 using the weighted average inventory costing method. {Round all amounts to the nearest cent. SXXX.) Novembe ty an h transact Print Done entory on Unit Cost Cost

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