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of Golf Unlimited's putters: Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records

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of Golf Unlimited's putters: 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 (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 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. 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 Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Nov. 1 Cost Requirements 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited 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 Golf Unlimited's inventory transactions using the weighted-average inventory costing method. (Assume purchases and sales are made on account) Print Done Red Data Table X - X Date Item Quantity Unit Cost 24 $ 53 ming Jund sto 1. Pri Go we the gol 2. Jo iny ac 20 Nov. 1 Nov. 6 Nov. 8 Nov. 17 Nov. 30 Balance Sale Purchase Sale 30 70 erage 30 2 Sale Print Done

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