Question: Fast Mart C - Store, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its

Fast Mart C-Store, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Flushing, Michigan, location follow: View the purchases and sales.
Read the requirements.
Purchases and sales
Nov. 2 Purchased 12 gallons @ $2.20 each
Nov. 6 Purchased 2 gallons @ $2.55 each
Nov. 8 Sold 4 gallons of milk to a customer
Nov. 13 Purchased 4 gallons @ $2.60 each
Nov. 14 Sold 5 gallons of milk to a customer
Requirements
Determine the amount that would be reported in ending merchandise inventory on November 15 using the FIFO inventory costing method.
Determine the amount that would be reported in ending merchandise inventory on November 15 using the LIFO inventory costing method.
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, $X.XX.)
 Fast Mart C-Store, a regional convenience store chain, maintains milk inventory

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