Requirement 2. Determine the amount that would be reported in ending merchandise inventory on July 15 using the LIFO inventory costing method Enter the transactions in chronological order, calculating new invertory 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 cont, X.XX. Enter the oldest inventory layers first) Purchases Cost of Goods Sold Unit Total Unit Total Cost Inventory on Hand Unit Total Quantity Cost Cost Quantity Cost Cost Quantity Cost Date Jul.2 6 B 13 14 Totals click Check