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: B. (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.) Purchases Cost of Goods Sold Inventory on Hand | i Data Table Unit Cost Total Cost Unit Cost Total Cost Unit Cost Total Cost Quantity Quantity Quantity Date Sep. 1 Sep. 6 Sep. 8 Q Date Sep. 1 uantity 22 Unit Cost $ 60 Item Balance Sale Purchase Sale Sale 25 $ 81 Sep. 17 17 30 Sep. 30 Totals Print Done Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ . 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. Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is $ Requirement 2. Journalize Putter's Choice's inventory transactions using the FIFO 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. 1 Requirements Date Accounts and Explanation Debit Credit Sep. 6 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. Journalize Putter's Choice's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) 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. Now record the cost of the putters sold on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 Requirements 1. Journalize the purchase of the putters on account on the 8th. 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. Journalize Putter's Choice's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Date Accounts and Explanation Debit Credit 2. Sep. 8 Print Done 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. Journalize the sale of the putters on account on the 17th. Date Accounts and Explanation Debit Credit Sep. 17 Requirements Journalize the cost of the putters sold on the 17th. 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. Journalize Putter's Choice's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) Date Accounts and Explanation Debit Credit 2. Sep. 17 Print Done 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 Journalize the sale of the putters on account on the 30th Date Accounts and Explanation Debit Credit i Requirements Sep. 30 1. Prepare a perpetual inventory record for the pullers 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. Joumalize Putter's Choice's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) 2. Journalize the cost of the putters sold on the 30th. Date Accounts and Explanation Deblt Credit Print Sep. 30 Done