chronological order, calculating new inventory on hand balances after each transaction. Once all of th y e Lust Requirements Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Print Done Clear All