SALE PRICE 120

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ad the requirements ar t 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 d of the period. (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Date Quantity Cst ost Quantity Cost Cost QuanityCost Cost Unit Total Data Table Nov. 1 Nov. 6 Nov. 8 13 75 975 8 S 75 600 8 $ 75 $ 600 12 85 1,020 8 S 75 600 75 300 $ 300 5 75 375 12 $ 85 $ 1,020 Date Item Quantity Unit Cost Nov. 1 Balance 6 Sale 13 S 75 12 85 1,020 4 $75300 21 Nov. 17 5 Nov. 30 4 $ 8 Purchase12 S 85 12 S 1,020 $ 1,695 17 Sale 12 Totals dentify the cost of ending inventory for the month. The cost of ending inventory using the LIFO method is $300 dentify the cost of goods sold for the month The cost of goods sold using the LIFO method is $ 1,695 Requirement 2. Journalize Golf Unlimited's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account ) (Record debits first, then credits. 30 Sale Print Done