Putter's Paradise carries an inventory of putters and other golf clubs. The sales price of each putter is $122. Company records indicate the following for a particular line of Putter's Paradise's putters: Click the icon to view the records.) Read the requirements. 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 of goods sold for the month. the tran 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 oldest inventory layers first.) beon ontered 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 Purchases Cost of Goods Sold Inventory on Hand Total Unit Total Unit Unit Total Date Quantity Quantity Cost Quantity Cost Cost Cost Cost Cost Sep. 1 Requirements i Data Table 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 of goods sold for the month. Date Item Quantity Unit Cost 60 Sep. 1 Balance 22 6 Sale 12 81 Purchase 25 17 Sale 25 2. Journalize Putter's Paradise's inventory transactions entory costing method. (Assume 30 Sale using purchases and sales are made on account.) Print Done Print Done