Homework: Homework Assignment # 6 Save core: 0 of 1 pt 9 of 11 (8 complete) HW Score: 62.82%, 6.91 of 11 pts F6-17 (book/static) Question Help Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the following for a particular line of Golf Unlimited's putters: (Click the icon to view the records) Read the requirements. Requirement 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO 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 perpetual record, calculate the quantity 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 Nov. 1 Enter any number in the edit fields and then click Check Answer Clear All Check Answer 13 parts remaining CIC HW Score: 62 book/static) d carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the following d's putters: icon to view the records.) Data Table - X uirements LIFO inventory costing me Date Item at 1. Prepare Golf Unlimited's perpety og inventory and cost of goods sold to ering the beginning inventory balance he transactions have been entered in Enter the oldest inventory layers first Nov. 1 Balance Quantity Unit Cost 24 $ 53 20 tory on hand balances afte bry purchased, sold, and on Nov. 6 Sale Nov. 8 Purchase 30 70 Purchases Nov. 17 Sale 30 Unit Total Cost Nov. 30 Sale N. Quantity Cost Print Done umber in the edit fields and then click Check Answer Check Clear All ries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the follow utters: to view the records.) ents. Requirements ry costing repare Golf Unlimi entory and cost of he beginning inven nsactions have bec the oldest inventor balance d, sold, 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Golf Unlimited's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Purchases Unit antity Cost Print Done er in the edit fields and then click Check