Please Provide an explanation as well. Any help is greatly appreciated!

ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch 6] Spr 2020 Score: 0 of 10 pts 2 of 14 (0 complete) Instructor-created question A company sells golf putters to customers, on account, at a selling price of $119 each. Assume that the company uses the FIFO inventory costing method and a perpetual inventory system. Additional information for the month is as follows: E (Click the icon to view the records.) Requirement 1. What is the cost of ending inventory? The cost of ending inventory using the FIFO method is s What is cost of goods sold for the month? The cost of goods sold using the FIFO method is $ Requirement 2. Prepare the following two selected journal entries for the company. (Choose the explanation on the last line of the entry table.) Prepare the first of the two entries needed on the 17th: Date Accounts and Explanation Debit Credit Apr. 17 A Data Table - X Prepare the second of the two entries needed on the 17th: Q Unit Cost $ 80 Date Accounts and Explanation Debit Credit Date Apr. 1 6 8 17 30 Apr. 17 Item Balance Sale Purchase Sale Sale uantity 19 14 50 $ 91 Print Done