Help - Exercise 6-15

E6-15 Comparing inventory methods Learning Objective 2 Super Mart, a regional convenience store chain, maintains milk inventory by the gallon The first month's milk purchases and sales at its Freeport, Florida, location follow: 1. Ending Merch. Inv $16.30 Nov. 2 6 8 13 14 Purchased 11 gallons @ $2.15 each Purchased 2 gallons @ $2.80 each Sold 6 gallons of milk to a customer Purchased 3 gallons @$2.85 each Sold 4 gallons of milk to a customer Requirements 1. Determine the savount that would be reported in ending merchandise inventory 2. Determine the amount that would be reported in ending merchandise inventory 3. Determine the amount that would be reported in ending merchandise inventory on Novembes 15 using the FIFO inventory costing method. on November 15 using the LIFO inventory costing method. on November 15 using the weighted-average inventory costing method. Round all amounts to the nearest cent