Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Haven 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 i Data Table Unit Cost of Goods Sold Unit Total Quantity Cost Cost Total Cost Requirements - X Date Quantity Cost Q Nov. 1 Inventory on Hand Unit Total Quantity Cost Cost 19 $ 80 $ 1,520 5 $ 80$ 400 5 $ 80$ 400 50$ 91 $ 4,550 5 $ 91 $ 455 Date Nov. 1 Unit Cost $ 80 14 $ 80 $ 1,120 Nov. 6 Nov. 8 50$ uantity 19 14 50 50 91 $ 4,550 4,550 Item Balance Sale Purchase Sale Sale Prepare a perpetual inventory record for the putters assuming Golf Haven uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) $ 91 8 17 30 Nov. 17 | 5 $ 45 35 6 7 80$ 400 91 4,095 91 $ 273 $5,888 Print Done Nov. 30 91 $ 2 $ 2 182 182 Print Done Totals 50 $ 4,550 Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ 182 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer 1 Data Table Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ 182 * Requirements Item Date Nov. 1 Unit Cost $ 80 Balance 1. Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is $ 5,888 Requirement 2. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purch Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Q uantity 19 14 50 Sale Prepare a perpetual inventory record for the putters assuming Golf Haven uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) 8 $ 91 2. Purchase Sale Sale 17 30 50 Nov. 6 Print Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts o remaining Clear All Check Answer Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Haven 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 i Data Table Unit Cost of Goods Sold Unit Total Quantity Cost Cost Total Cost Requirements - X Date Quantity Cost Q Nov. 1 Inventory on Hand Unit Total Quantity Cost Cost 19 $ 80 $ 1,520 5 $ 80$ 400 5 $ 80$ 400 50$ 91 $ 4,550 5 $ 91 $ 455 Date Nov. 1 Unit Cost $ 80 14 $ 80 $ 1,120 Nov. 6 Nov. 8 50$ uantity 19 14 50 50 91 $ 4,550 4,550 Item Balance Sale Purchase Sale Sale Prepare a perpetual inventory record for the putters assuming Golf Haven uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) $ 91 8 17 30 Nov. 17 | 5 $ 45 35 6 7 80$ 400 91 4,095 91 $ 273 $5,888 Print Done Nov. 30 91 $ 2 $ 2 182 182 Print Done Totals 50 $ 4,550 Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ 182 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer 1 Data Table Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ 182 * Requirements Item Date Nov. 1 Unit Cost $ 80 Balance 1. Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is $ 5,888 Requirement 2. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purch Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Q uantity 19 14 50 Sale Prepare a perpetual inventory record for the putters assuming Golf Haven uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golf Haven's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) 8 $ 91 2. Purchase Sale Sale 17 30 50 Nov. 6 Print Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts o remaining Clear All Check