Print the entire document and complete the requirements by writing out your answers in the spaces provided Assume that Prestone Golf completed the following perpetual inventory transactions for a line of golf clubs during the month of May May 1 16 clubs @ $65 each 11 23 26 29 Beginning merchandise inventory 10 clubs purchased for $78 each 12 clubs sold for $88 each 14 clubs purchased for $80 each 18 tires sold for $88 each Required: a) b) c) Prepare a perpetual Inventory Record assuming Prestone uses the LIFO inventory costing method Prepare a perpetual Inventory Record assuming Prestone uses the FIFO inventory costing method Prepare a perpetual Inventory Record assuming Prestone uses the weighted-average inventory costing method (rounding unit costs to the nearest cent and all other amounts to the nearest dollar) Perpetual Inventory Record: LIFO Purchases Cost of Goods Sold Inventory on Hand Date Quantity UnitoalQuantity Unit Total Quantity UtTotal Cost Cost Cost Cost Cost Cost May 1 16 65 $1,040 May 11 May 23 May 26 May 29 18 88