Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $128. 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. eru vi ne period. (Criter the oldest inventory layers III SL.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total - X Date Quantity Data table Cost Cost Quantity Cost Cost Unit Total Quantity Cost Cost 24 $ 53 $ 1,272 4 $ $ 53 $ 212 Sep. 11 Sep. 6 20 $ 53 $ 1,060 Date Item Sep. 8 30$ 70 $ 2,100 4 $ 53 $ Quantity Unit Cost 24 $ 53 212 Balance 30 $ 70 $ 2,100 Sale 20 Sep. 17 4 $ 53 $ 212 4 $ 70 $ 280 Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 Purchase 30 70 26 70 1,820 Sale 30 Sep. 30 2 $ 70 $ 140 2 $ 70 $ 140 Sale 2 $ 2,100 30 $ 3,232 Totals $ 140 52 2 Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ 140 Print Done Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is $ 3.232 Requirement 2. Journalize Golfer's Favorite's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) (Record debits first, then 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. Date Accounts and Explanation Debit Credit Sep. 6 Accounts Receivable Sales Revenue To record sale on account