Requirement 1. Determine the amount that would be reported in ending merchandise investory on November 15 using the FIFO Inventory costing method Enter the transactions in chronological order, calculating new inwenty on hand balances whereach transaction Once all of the ansactions have been entered into the pepel record, calculate the quantity and totalt merchandise lewentowy purchased sold and on hand withe end of the period. (Emerall amounts to the nearest cent, SX XX Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unik Total U Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov. 2 8 13 14 Totals Nov. 2 Purchased 11 gallons @ $2.15 each Nov. 6 Purchased 2 gallons @ $2.80 each Nov. 8 Sold 6 gallons of milk to a customer Nov. 13 Purchased 3 gallons @ $2.85 each Nov. 14 Sold 4 gallons of milk to a customer