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Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $119 Company records indicate the following for

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Golf Unlimited 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 Unlimite (Click the icon to view the records.) Read the requirements Requirement 1. Prepare Golf Unlimited's perpetual inventory record for the putfers assuming Golf Unlimited uses the weighted-average inventory costing method. Round weighted- 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 eac he perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period h transaction Once all of the tr 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 - X i Data Table X Requirements 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the weighted-average inventory costng method Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identfy the cost of ending inventory and cost of goods sold for the month 2. Journalize Golf Unlimited's inventory transactions using the weighted-average inventory costing method (Assume purchases and sales are made on account) Date Item Quantity Unit Cost Nov 1 Balance 24 63 Sale 20 6 8 Purchase 30 70 Sale 17 30 Sale 30 2 Print Done Print Done er any number in the edit fields and then click Check

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