core: 0.04 of 1 pt 8 of 11 (5 complete) HW Score: 36.72%, 4.04 of 11 pts EF6-16 (book/static) Question Help Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the following for a particular line of Golf Unlimited's putters Click the icon to view the records.) Read the requirements. Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO inventory costing method. Then identity the cost of ending inventory and cost of goods sold for the month Start by entering the beginning inventory balances. 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 inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov. 1 24 $ 53 $ 1 272 Nov. 6 20 53 1060 Enter any number in the edit fields and then click Check Answer 12 parts remaining Clear All Check Answer ) nventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the followir the records.) i Data Table costing method. Then id a perpetual inventory re of goods sold for them Date Item nning inventory balance ns have been entered in Oldest inventory layers fil Quantity Unit Cost 24 $ 53 tory on hand balances af bry purchased, sold, and Nov. 1 Balance Nov. 6 Sale 20 Purchases Nov. 8 Purchase 30 70 Unit Sale 30 Total Cost Nov. 17 Nov. 30 It Cost Sale 2 1272 060 Print Done e edit fields and then click Check Answer Check Clear All ty of putters and other golf clubs. The sales price of each putter is $119. Company records indica cords.) Data Table tua Is s i Requirements - X ven bed eni 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) es 2. Print Done TE is and then click Check