identify the cost of ending inventory and cost of goods sold for the month. inventory purchased, sold, and on hand at the end of the period. Requirements 1. Prepare Putter's Paradise's perpetual inventory record for the putters assuming Putter's Paradise uses the weighted-average inventory costing method. Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Putter's Paradise's inventory transactions using the weighted-average inventory costing method. (Assume purchases and sales are made on account.)