hey can you please give a step by step for requirement two only, I dont understand how the process works at all thank you so much I gotta learn it for my test in two days!

\begin{tabular}{llcr} \hline Date & Item & Quantity & Unit Cost \\ \hline Nov. 1 & Balance & 10$ & 64 \\ Nov. 6 & Sale & 5 & \\ Nov. 8 & Purchase & 15 & 72 \\ Nov. 17 & Sale & 15 & \\ Nov. 30 & Sale & 2 & \\ \hline \end{tabular} 2. Journalize Golfer's Favorite's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Journalize the cost of the putters sold on the 17 th. \begin{tabular}{llcr} \hline Date & Item & Quantity & Unit Cost \\ \hline Nov. 1 & Balance & 10$ & 64 \\ Nov. 6 & Sale & 5 & \\ Nov. 8 & Purchase & 15 & 72 \\ Nov. 17 & Sale & 15 & \\ Nov. 30 & Sale & 2 & \\ \hline \end{tabular} 2. Journalize Golfer's Favorite's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Journalize the cost of the putters sold on the 17 th