Measuring and journalizing merchandise inventory and cost of goods sold---LIFO Golf Haven carries an inventory of putters and other golf clubs. The sales price of each putter is $128. Company records indicates the following for a particular line of Golf Havens putters: Date Item Quantity Unit cost Nov 1 Balance 17 $68 Nov 6 Sale 7 Nov 8 Purchase 20 $74 Nov 17 Sale 20 Nov 30 Sale 4 Requirements 1. Prepare a perpetual inventor record for the putters assuming Golf Haven uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of good sold for the month. 2. Journalize Golf Havens inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.)