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PO Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is 5122. Company records indicate the following

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PO Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is 5122. Company records indicate the following for a particular line of Golf Unlimited's putters Click the icon to view the records) Read the recruitments. 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 Purchases Cost of Goods Sold Inventory on Hand Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov 1 Unit Nov 6 Nov Nov 17 Nov. 30 Totals Identify the cost of ending inventory for the month The cost of ending Inventory using the FIFO method is Identify the cost of goods sold for the month The cost of goods sold using the FIFO method is Requirement 2. Journalice Golf Unlimited's Inventory transactions using the FIFO inventory costing method (Assume purchases and sales are made on account) (Record debit first, then credits Select the explanation on the last line of the journal entry table) Begin by recording the entry to record the sale of the putters on account on the 6th Choose from any list or enter any number in the input fields and then continue to the next question Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $122 Company records indicate the following for a particular line of Golf Unlimited's putters Click the icon to view the records) Read the courements Requirement 2. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assure purchases and sales are made on account) (Record debits first, then credits Select the explanation on the last line of the journal entry table Begin by recording the entry to record the sale of the puttons on account on the 6th Date Accounts and Explanation Debit Credit Nov 6 Now record the cost of the putters sold on the 6th Date Accounts and Explanation Debit Credit Nov 6 Journalize the purchase of the putters on account on the oth Date Accounts and Explanation Debit Com Nov. B Choose from any list or enter any number in the input fields and then continue to the next question 2 Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is 5122 Company records indicate the following for a particular line of Golf Unlimited's putters (Click the icon to view the records) Read the requirements Journalize the sale of the putters on account on the 17th Date Accounts and Explanation Debit Credit Nov. 17 Journalize the cost of the putters sold on the 17th Date Accounts and Explanation Debit Credit Nov. 17 Joumalize the sale of the putters on account on the 30th Date Accounts and Explanation Debit Credit Nov 30 Journalize the cost of the putters sold on the 30th Golf Unlimited carries an inventory of putters and other goffdbs. The sales price of each putter is 5122. Company records indicate the following for a particu of Golf Unlimited's putters (Click the icon to view the records) Read the requirements Journalise the cost of the Data Table - X Date Credit Nov. 17 Date Item Quantity Unit Cost 175 68 Balance Sale 7 Nov. 1 Nov. 6 Nov. 8 Nov. 17 Nov. 30 74 Purchase Sale 20 Journalize the sale of the Sale 5 Date Credit Nov. 30 Print Done Journalize the cost of the putters sold on the 30th Date Accounts and Explanation Nov 30 Debit Credit

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