Date Q Item Balance Sale Unit Cost $ 75 Sep. 1 . uantity 15 10 10 20 6 8 Purchase $ 80 17 30 Sale Sale Print Done A company sells golf putters to customers, on account, at a selling price of $122 each. Assume that the company uses the FIFO Inventory costing method and a perpetual inventory system. Additional information for the month is as follows: Click the icon to view the records.) What is the cost of ending inventory? The cost of ending inventory using the FIFO method is $ What is cost of goods sold for the month? The cost of goods sold using the FIFO method is $ Requirement 2. Prepare the following two selected journal entries for the company. (Choose the explanation on the last line of the entry table.) Prepare the first of the two entries needed on the 17th: Debit Credit Date Sep. 17 Accounts and Explanation Accounts Receivable Sales Revenue To record sale on account