Putter's Choice carries an inventory of putters and other golf clubs. The sales price of each putter is $151. 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 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 Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on har purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first. 0 Data Table - X X been entered in Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Cost Date Quantity Item Quantity Cost Cost Quantity Cost Unit Cost Sep. 1 Sep. 1 Balance 10 $ 64 6 5 Sep. 6 Sale Purchase 8 15 $ 72 Sep. 8 17 Sale 15 30 Sale 2 Sep. 17 Sep. 30 Print Done Totals Identify the cost of ending inventory for the month. - X Requirements The cost of ending inventory using the LIFO method is $ Identify the cost of goods sold for the month 1. The cost of goods sold using the LIFO method is $ Requirement 2. Journalize Putter's Choice's inventory transactions using the LIFO inven 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. Journalize Putter's Choice's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) |t, then credits. Select the expla 2. Choose from any list or enter any number in the input fields and then continue to the Print Done