Comparing inventory and Location methods Learning objective 2 - digital Express kone, regional convenience store chain, maintains milk gallon. The first month's milh purchases follows at its Freeport. Florida, the inventory by sales 8 sold Nov. 2 Purchased 8 gallons 82.00 each 6 Purchased a gallons @ $2.10 each 3 gallons of milk to a customer 13 Purchased 2 gallons @ $ 2.20 each sold gallons of milk to customer Requirements 1. Determine the amount that would be reported in ending merchandise inventory November is wing the FIFO inventory costing method. 2. Determine the mount that would be reported in merchandise inventory on November 15 using the LIFO method. ending inventory costing ending the mount that would be reported in 3. Determine merchandise inventory November 15 on using the weighted average method. Round all amounts to the nearest cent inventory costing Perodic inventory system