Goffer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $128 Company records indicate the following for a particular line of Golfer's Favorite's putters (Click the icon to view the records) Read the reques Requirement 1. Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Gotter's Favorite uses the LFO 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 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