Measuring and journalizing merchandise inventory and cost of goods sold -FIFO Requirements 1. Prepare a perpetual record for the putters assuming Putter's Choice uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Putter's Choices inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Measuring ending inventory and cost of goods sold in a perpetual inventory system-LIFO Requirements 1. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO inventory costing method. Then identify the cost of end inventory and cost of goods sold for the month. 2. Journalize Putters Choice's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Measuring ending inventory and cost of goods sold in a per inventory system-Weighted-average R Measuring and journalizing merchandise inventory and cost of goods sold -FIFO Requirements 1. Prepare a perpetual record for the putters assuming Putter's Choice uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Putter's Choices inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Measuring ending inventory and cost of goods sold in a perpetual inventory system-LIFO Requirements 1. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO inventory costing method. Then identify the cost of end inventory and cost of goods sold for the month. 2. Journalize Putters Choice's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Measuring ending inventory and cost of goods sold in a per inventory system-Weighted-average R