Golf Haven carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the following for a particular line of Golf Haven's putters: (Click the icon to view the records.) Read the requirements. Requirement 1. Prepare Golf Haven's perpetual inventory record for the putters assuming Golf Haven 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. Data table ice of each putter is $11 ters assuming Golf Have ost per unit to the neares y and cost of goods sold chronological order, calc ons have been entered int 1. sold, and on hand at the Requirements 1. Prepare Golf Haven's perpetual inventory record for the putters assuming Golf Haven 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 Golf Haven's inventory transactions using the weighted-average inventory costing method. (Assume purchases and sales are made on account.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multicolumn{3}{|c|}{ Purchases } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Inventory on Hand } \\ \hline & Quantity & \begin{tabular}{l} Unit \\ Cost \end{tabular} & \begin{tabular}{l} Total \\ Cost \end{tabular} & Quantity & \begin{tabular}{l} Unit \\ Cost \end{tabular} & \begin{tabular}{l} Total \\ Cost \end{tabular} & Quantity & \begin{tabular}{l} Unit \\ Cost \end{tabular} & \begin{tabular}{l} Total \\ Cost \end{tabular} \\ \hline Nov. 1 & & & & & & & 22 & 60 & 1320 \\ \hline Nov. 6 & & & & 12 & 60 & 720 & 10 & 60 & 600 \\ \hline Nov. 8 & 25 & 81 & 2025 & & & & 10 & 60 & 600 \\ \hline Nov. 17 & & & & 10 & 60 & 600 & & & \\ \hline Nov. 30 & & & & 6 & 81 & 486 & & & \\ \hline \end{tabular} Determine the cost of ending inventory using the weighted-average inventory costing method. The cost of ending inventory using the weighted-average inventory costing method is $ Determine cost of goods sold using the weighted-average inventory costing method. The cost of goods sold using the weighted-average inventory costing method is $
