Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $105 Company records indicate the following for a particular line of Golfer's Favorite's putters Click the icon to view the records) Read the requirements Requirement 1. Prepare Golfer's Favorite's perpetual inventory record for the putlers assuming Golfer's Favorite uses the LIFO inventory costing method Then identity 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 Inventory on Hand Unit Total Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov 1 Unit mework CH 6 9 of 10 (5 complete) tory of putters and other golf clubs. The sales price of each putter is $105. Company records indicate the cords) - X the LIFO inventory co ory on hand balances ry purchased, sold, ar re's Favorite's perpd 0 Data Table d cost of goods sol inventory balance ve been entered in mtory layers first) Date Item hases Nov. 1 Balance nit Total 6 Sale 8 Cost Cost Purchase 17 Sale Quantity Unit Cost 8 $ 72 2 12 $ 75 12 30 Sale 3 Print Done edit fields and then click Check Answer. Clear All Check A