Requirement 1. Determine the amount that would be reported in ending merchandise inventory on January

January 15 using the FIFO inventory costing method.

Enter the transactions in chronological? order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual? record, calculate the quantity and total cost of merchandise inventory? purchased, sold, and on hand at the end of the period.? (Enter all amounts to the nearest? cent, $X.XX. Enter the oldest inventory layers? first.)