E6-3 Measuring and journalising inventory and cost of sales in a perpetual system-FIFO [20-25 min] Golf Haven carries an inventory of putters and other golf clubs. Golf Haven uses the FIFO method and a perpetual inventory system. The sales price of each putter is $128. Business records indicate the following for a particular line of Golf Haven's putters: Date Item Unit cost $68 Nov 1 6 8 17 30 Balance Sale Purchase Sale Sale Quantity 17 7 20 20 4 $74 Requirements 1 Prepare a perpetual inventory record for the putters. Then determine the amounts Golf Haven should report for ending inventory and cost of sales using the FIFO method. 2 Journalise Golf Haven's inventory transactions using the FIFO method