Homework. Chapter Fio nomework Score: 0 of 1 pt 2 of 11 (9 complete) HW SC EF6-16 (similar to) Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is $122. 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 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. 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 perpetua 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 Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Data Table Nov. 1 Date Item Quantity Unit Cost 24 $ 53 Nov. 1 Balance Nov. 6 Sale 20 Nov. 8 Purchase 30 70 Nov. 17 Sale 30 Nov. 30 Sale 2 Print Done Enter any number in the edit fields and then click Check