selling price is a 105 dollars

- X Requirements 1. Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) 2. Print Done Read the requirements Requirement 1. Prepare Golfer's Favorite's perpetual inventory record for the puters assuming Golfer's Favorite uses the LIFO 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 Unit Cost Cost of Goods Sold Total Quantity Cost Cost Total Cost Unit Date Quantity Nov. 1 Nov 6 Inventory on Hand Unit Total Quantity Cost Cost 85 72 576 6 S 725 432 6 $ 72 $ 432 12 5 755 900 6 S 72 $ 2 s 725 144 Nov 8 12 s 755 900 125 75 900 432 Nov 17 Nov 30 Totals the Data Table - X |ory Date Item Quantity Unit Cost Nov. 1 Balance 8 $ 72 6 Sale 2 It 8 Purchase 12 $ 75 576 17 Sale 12 432 30 Sale 3 432 900 Print Done 432 nd other golf clubs. The sales price of each putter is $105. Company records indic