E6-18 (similar to) Question Help 0 Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $151. 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 weighted average inventory costing method. Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar. 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. Cost of Goods Sold Purchases Unit Total Unit Total Inventory on Hand Unit Total Quantity Cost Cost Date Quantity Cost Cost Quantity Cost Cost Jun. Enter any number in the edit fields and then click Check Answer. 14 parts Clear All Check Answer remaining Total Init Total Tinit Total Data Table - X Requirements - X Date Item Quantity Unit Cost Jun. 1 Balance 20 $ 70 6 Sale 16 1. Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Golfer's Favorite uses the weighted average inventory costing method. Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Golfer's Favorite's inventory transactions using the weighted average inventory costing method. (Assume purchases and sales are made on account.) 8 Purchase 30 87 17 Sale 30 30 Sale 2 Print Done Print Done