1- Eughlin yiele comparing inventory methods Learning objective 2 kapress Lane, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases Sales at its Freeport. Florida, Location follow: and Nov.2 Purchased 8 gallons $2.00 each 6 Purchased a gallons @ $2.10 each Sold 3 gallons of milk to a customer Purchased 2 gallons @ $2.20 each 14 sold 4 gallons of milk to customer 8 13 that Requirements 1. Determine the amount merchandise inventory costing method. would be reported in enting using the FIFO Wwentory November 15 Cm the 2. Determine amount ending merchandise inventory method. that would be reported in on November 15 using the LIFO inventory costing the amount 3. Determine merchandise that would be reported in ending November 15 inventory using the weighted average Inventory costing method. Round all amounts to the nearest cent