Putter's Choice carries an inventory of putters and other golf clubs. The sales price of each putter is $117. Company records indicate the following for a particular line of Putter's Choice's putters (Click the icon to view the records.) Read the requirements. Requirement 1. Prepare a perpetual inventory record for the putters assuming Putter's Choice 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.) Date Quantity Sep. 1 Data Table Date Sep. 1 6 8 17 30 Purchases Unit Cost Item Balance Sale Purchase Sale Sale Print Total Unit Cost Quantity Cost Quantity 17 7 20 20 4 Cost of Goods Sold Done - X Unit Cost $ 68 S 74 Inventory on Hand Total Unit Cost Quantity Cost Requirements Total Cost 1. Prepare a perpetual inventory record for the putters assuming Putter's Choice uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Print - X 2. Journalize Putter's Choice's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Done