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Please help fill this chart out Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $143.
Please help fill this chart out
Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $143. Company records indicate the following for a particular line of Golf Unlimited's putters: E: (Click the loon to view the records.) Read the requirements Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO 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 i Requirements Unit Unit Total Cost Total Cost Date Quantity Cost Quantity Cost Quantity Cost Cost 1. Nov. 1 Nov. 6 Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) 25 Nov. 8 81 2025 2. Nov. 17 Print Done Nov. 30 i Data Table Totals Identify the cost of ending inventory for the month. Date Item Quantity Unit Cost 22 $ 60 Nov. 1 Balance The cost of ending inventory using the FIFO method is Identify the cost of goods sold for the month. Nov. 6 Sale 12 Nov. 8 25 81 Choose from any list or enter any number in the input fields and then continue to the next question. Purchase Sale 25 Nov. 17 Nov. 30 Sale 3Step by Step Solution
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