Golfer's Delight, Inc., carries a line of Stanium putters. Goor's Delight, Inc., uses the FIFO method and a perpetual inventory system. The sales price of each putter is $195 Company records indicate the following activity for putters for the month of July Click the icon to view the records) Read the requirements Requirement 1. Prepare a perpetual inventory record for the putters to determine the amount Golfer's Delight Inc, should report for ending inventory and cost of goods sold using the FIFO method. Start by entering the beginning inventory balances Enter the transactions in chronological order, calculating new inventory on hand balance 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) FIFO Cost of goods sold Unit Total OtyCost Cost inventory on hand Total Qty Cost Cost Date Cost Cost s to de entory a Data Table ctions y puro TT TI ter each hventory Inven Quantity Unit Cost A 110 12 A 112 Date Item Jul 1 Balance 7 Purchase 11 Sale 19 Purchase 28 Sale 114 Print Done s to de entory a Data Table ctions y puro TT TI ter each hventory Inven Quantity Unit Cost A 110 12 A 112 Date Item Jul 1 Balance 7 Purchase 11 Sale 19 Purchase 28 Sale 114 Print Done using the FIF vend y ba ntity * Requirements f the transa 1. Prepare a perpetual inventory record for the putters to determine the amount Golfer's Delight, Inc., should report for ending inventory and cost of goods sold using the FIFO method. 2. Journalize the inventory transactions for Golfer's Delight, Inc., using the FIFO method. Assume all purchases and sales are on account Print Done