Do Homework - Jordan Edmonsond - Microsoft Edge - 0 X A https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=540809724&.questionld=6&flushed=true&cid=5663835&_centerwin=yes ACCT 2301.23 - ONLINE - Fall 2019 Jordan Edmonsond & | 10/9/19 10:18 PM Save Homework: Chapter 6 Homework (Copy) Score: 0 of 2 pts E6-17 (similar to) 7 of 10 (9 complete) HW Score: 81.58%, 8.97 of 11 pts Question Help Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $122. Company records indicate the following for a particular line of Golfer's Favorite's putters: (Click the icon to view the records.) Read the requirements. Requirement 1. 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. 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 0 Cost of Goods Sold Unit Total Quantity Cost Cost Data Table -X Unit Total Cost Inventory on Hand Unit Total Quantity Cost Cost 60 1320 Date Quantity Cost Sep. 1 Date Item Q uantity Unit Cost Sep. 1 Balance 17 5 88 Sale 0 Requirements 6 8 20 $ 74 17 30 Purchase Sale Sale 1. 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.) 2. Print Done Print Done Enter any number in the edit fil 13 parts I remaining Clear All Check Answer Type here to search 10:18 PM 10/9/2019 s