Golfer's Favorite carries an inventory of putters and other golf clubs. The sale price of each put (Click the icon to view the records) er is $122. Company records indicate the following for a particulier line of other's Favorite's Read the requirements Requirement 1. Prepare a perpetual Inventory record for the pursu goods sold for the month ing Golfer's Favorite uses the FIFO inventory costing method. Then identify the cost of ending invertory and cost of Start by entering the beginning inventory balances Enter the transactions indhol d er i ng when on hand balances whereach a ction. Once all of the r adions have been entered into the perpetual record, c olate the quantity and total 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 Unit Cast Total Cost Date Quantity Quantity Cost Cost Quantity Cost Choose from any list or enter any number in the input fields and then continue to the next question Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $122. Company records indicate the follow putters: (Click the icon to view the records.) Read the requirements Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Quantity Cost Cost Sep. 1 Sep. 6 Sep. 8 Cost Sep. 17 Sep. 30 Totals Choose from any list or enter any number in the input fields and then continue to the next question Totals 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. Joumalize Golfer's Favorite's inventory transactions using the FIFO inventory costing method. (Assume purchases credits. Select the explanation on the last line of the journal entry table Begin by recording the entry to record the sale of the putters on account on the 6th. nata Arrunt and Finlanntinn T ahit I Calle Choose from any list or enter any number in the input fields and then continue to the next question and other golf clubs. The sales price of each putter is $122. Company records indicate the following for 0 Data Table y record for the thod. Then identify Date Item Quantity 20 Unit Cost $ 70 Sep. 1 Balance ances. Enter the calculate the qua balances after each nd of the period. (Enl Sale Cost 8 Purchase 30 $ 87 Sale t Quantity 30 Sale Print Done er in the input fields and then continue to the next question. MacBook Air FS ntory of putters and other golf clubs. The sales price of each putter is $122. Company records indicate the following for a ecords.) i Requirements ory for the month, ng the FIFO meth the month. FIFO method is Prepare a perpetual inventory record for the putters assuming Golfer's Favorite uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golfer's Favorite's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) re made er's Favorite's invo the last line of til cord the sale of Accounts and Print Done y number in the input fields and then continue to the next