Golf Unlimited 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 Unlimited's putters: (Click the icon to view the records.) Read the requirements. Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited 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 Unit Total Unit Total Inventory on Hand Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Apr. 1 Apr. 6 Apr. 8 Apr. 17 Apr. 30 Totals Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is Data table Date Item Apr. 1 Balance Quantity Unit Cost 17 $ 68 Apr. 6 Sale 7 Apr. 8 Purchase 20 74 Apr. 17 Sale 20 Apr. 30 Sale 5 Print Done Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is Requirement 2. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and Begin by recording the entry to record the sale of the putters on account on the 6th. Date Apr. 6 Accounts and Explanation Debit Credit Journalize the sale of the putters on account on the 17th. Date Apr. 17 Accounts and Explanation Debit Credit Journalize the cost of the putters sold on the 17th. Date Apr. 17 Accounts and Explanation Debit Credit Now record the cost of the putters sold on the 6th. Date Apr. 6 Accounts and Explanation Debit Credit Journalize the purchase of the putters on account on the 8th. Date Apr. 8 Accounts and Explanation Debit Credit Journalize the sale of the putters on account on the 30th. Date Apr. 30 Accounts and Explanation Debit Credit Journalize the cost of the putters sold on the 30th. Date Apr. 30 Accounts and Explanation Debit Credit Requirements 1. 2. Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.)