Help with E6-16 LIFO FIFO methods

Express Lane, a regional convenience store chain, maintains milk inventory by the gallon. The first month's milk purchases and sales at its Freeport, FI, location follows. Describe which costs would be sold and which costs would remain in inventory. Then identify the amount that would be reported in inventory on November 1.5 using FIFO. LIFO. average cost. Measuring and journalizing inventory and cost of goods sold in a perpetual system-FIFO Golf Haven carries an inventory of putters and other golf clubs. Golf Haven uses the FIFO method and a perpetual inventory system. The sales price of each putter is $128. Company records indicate the following for a particular line of golf Haven's putters: Prepare a perpetual inventory record for the putters. Then determine the amounts Golf Haven should report for ending inventory and cost of goods sold using the FIFO method. Journalize Golf Haven's inventory transaction using the FIFO method. Measuring ending inventory and cost of goods sold in a perpetual system-LIFO (20-25 min) Refer to the Golf Haven inventory data in Exercise 6-17. Assume that Golf haven uses the perpetual LIFO cost method. Prepare Golf Haven's perpetual inventory record for the putters on the LIFO basis. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Haven's inventory transaction using the perpetual LIFO method. Measuring ending inventory and cost of goods sold in a perpetual system-average cost (20-25 min)