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Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Cornpany 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. Cornpany records indicate the following for a particular ine of Goff Unlimited's putters: (Click the icon to view the records.) Read the requirements. Requirement 1. Prepare Golf Unlimilted's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO irventory 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 atter each transacticn. Once all of the transactions have been entered into the perpetual record, calculate the cuantify and lotal cost of inventory purchased, sold, and on hand at the end of the neriod. (Enter the oldest inventory layers first.) Data table rement 1. Pre ending inven y entering the all of the trans riod. (Enter th Requirements 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Golf Unlimited's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.)

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