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Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $144. 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 $144. Company records indicate the following for a particular line of Golf Unlimited's putters: (Click the icon to view the records.) Read the requirements Data Table Item Quantity Unit Cost Date Sep. 1 8 $ 72 6 2 Balance Sale Purchase Sale 8 12 $ 75 17 12 Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO inventory cost Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 1 8 72 576 Sep. 6 144 6 72 432 Sep. 12 75 8 72 432 12 75 900 Sep 17 6 72432 6 75 450 6 75 450 Sep 30 3 75225 3 75 225 Total 12 900 1251 2 2 30 Sale 3 900 Print Done Identify the cost of ending inventory for the month

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