Putter's Paradise carries an inventory of putters and other golf dubs. The sales price of each putiec is $120. Company records indicate the following for a particular fine of Putter's Paradise's p? (Cick the icon to visw the records.) Read the recuiraments. Requirement 1. Prepare Puiter's Paradse's perpetual inventory record for the putters assuming Putter's Paradise uses the LIFO inventory costing method. Then identify the cost of ending inver and cost of goods told for the month. Start by entering the begining inventory balancos. Enler the transactions in chronclogical order, ealculating new inventory on hand balances affer each transaction. Once all of the transeacions h been entered into the perpetual record, calcutate the quantly and total cost of itrventory ourchased. sold. and an hand at the end of the poriod. (Enter the oldest inventory layers frat) weekify the cost of ending inventory for the monits. The cout of ending inventocy using the LiFo mothod is Iderefy the cest of poods sold for the mont?- The cost of goods sold using the LIFO method is Requirement 2. Journsize Putter's Paradise's inventory trunsactions using the LIFO inventory costing method. (Assume purchasos and salos are made on account) (Record debits first, then credits. Solect the explaration on the last fine of the journal entry table.) Begin by recording the entry to recoed the sale of the putters on acoount on the 6 th. Joumbire the puechase of the pulters on account on the bih Joumalize the purchase of the putters on account on the 8 th. Joumalize the sale of the putters on account on the 17 th. Joumalize the cost of the putters sold on the 17 th. Journalize the sale of the putters on account on the 30 th. Joumalize the cost of the putters sold on the 30 th. Data table Requirements 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. 2. Journalize Putter's Paradise's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.)