Golf Haven carries an inventory of putters and other golf clubs. The sales price of each putter is $143. 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 a perpetual inventory record for the putters assuming Golf Haven uses the FIFO 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 Jun 1 Jun 6 Jun Jun 17 ED Jun 30 Totals Identify the cost of ending inventory for the month The cost of ending inventory using the FIFO method la Identity the cost of goods sold for the month The cost of goods sold using the FIFO method is I (Click the icon to view the records) Read the requirements. Requirement 2. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) (Record debits first, then credits Select the explanation on the last line of the journal entry table) Begin by recording the entry to record the sale of the putters on account on the 6th Date Accounts and Explanation Debit Credit Jun 6 Now record the cost of the putters sold on the 6th Date Accounts and Explanation Jun 6 Debit Credit Journalize the purchase of the putters on account on the 8th Date Accounts and Explanation Debit Credit Jun. 8 Golf Haven carries an inventory of putters and other golf clubs. The sales price of each putter is 5143. Company records indicate the following of Golf Haven's putters (Click the Icon to view the records) Read the requirements Journalize the sale of the putters on account on the 17th Date Accounts and Explanation Jun 17 Debit Credit > Journalize the cost of the putters sold on the 17th Date Accounts and Explanation Debit Credit Jun. 17 ED Journalize the sale of the putters on account on the 30th Accounts and Explanation Date Debit Credit Jun 30 Joumalize the cost of the putters sold on the 30th Golf Haven carries an inventory of putters and other golf clubs The sales price of each putter is 5143 Company records in of Golf Haven's putters. Click the icon to view the records) Read the requirements Joumalize the cost of the putters sold on the 17th Date Debit Credit Data Table Jun 17 Date Item Quantity Unit Cost 105 64 Jun. 1 Jun. 6 Balance Sale 5 Journalize the Purchase 15 72 Date Jun & Jun. 17 Jun. 30 Sale 15 Debit Credit Jun 30 Sale 2 Print Done Joumalize the cost of the putters sold on the 30th Date Accounts and Explanation Debit Credit Jun 30 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later 86F Rain coming hp