Putter's Choice carries an inventory of putters and other golf clubs. The sales price of each putter is $143. Company records indicate th following for a particular line of Putter's Choice's putters: (Click the icon to view the records.) Read the requirements. Data table Date Item Quantity Unit Cost Sep. 1 Balance 17 $ 68 Sep. 6 Sale 7 Sep. 8 Purchase 20 74 Sep. 17 Sale 20 Sep. 30 Sale 4 Print Done Requirement 1. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO 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 Unit Total Unit Total Inventory on Hand Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 Totals Identify the cost of ending inventory for the month. The cost of ending inventory using the LIFO method is Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is Requirement 2. Journalize Putter's Choice's inventory transactions using the LIFO inventory costing method. (Assume 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 putters on account on the 6th. Date Sep. 6 Accounts and Explanation Now record the cost of the putters sold on the 6th. Date Sep. 6 Debit Credit Accounts and Explanation Debit Credit Journalize the purchase of the putters on account on the 8th. Date Sep. 81 Accounts and Explanation Debit Credit Journalize the sale of the putters on account on the 17th. Date Accounts and Explanation Debit Credit Sep. 17 Journalize the cost of the putters sold on the 17th. Date Sep. 17 Accounts and Explanation Debit Credit Journalize the sale of the putters on account on the 30th. Date Sep. 30 Accounts and Explanation Debit Credit Journalize the cost of the putters sold on the 30th. Date Sep. 30 Accounts and Explanation Debit Credit