Putter's Paradise carries an inventory of putters and other golf clubs. The sales price of each putter is $128. Company records indicate the following for a line of Putter's Paradise's putters:

Date	Item	Quantity	Unit Cost
Apr.1	Balance	22	$60
Apr.6	Sale	12
Apr.8	Purchase	25	$81
Apr.17	sale	25
Apr.30	sale	7

Requirement:

1. Prepare Putter's Paradise's perpetual inventory record for the putters assuming Putter's Paradise uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost f goods sold for the month.

2. Journalize the Putter's Paradise's inventory transaction using the LIFO inventory costing method. ( Assume purchase and sales are made on account)