The following information relates to inventory purchases and sales of the Golf Co. for July. Selling price Dates Transactions Units Unit cost per unit 1-Jul Beginning inventory 20 6 9-Jul Purchase 30 8 12-Jul Sale 25 20 25-Jul Purchase 5 16 29-Jul Sale 15 20 Instructions: Compute the cost of the ending inventory and the cost of goods sold for July under the following method (just the number, no $ sign): 1. FIFO Cost of ending inventory Cost of goods sold 2. LIFO Cost of ending inventory Cost of goods sold 3. Weighted average Cost of ending inventory Cost of goods sold Question 2 e.g. Cash Prepare journal entries to record the following transactions entered into by the Marrow Company: Notes: Read carefully and follow strictly so that Bb can grade you correctly! 1. Just write down the account title and numbers for each transaction (use comma in numbers, one thousand is 1,000, not 1000. NO $ sign). 1,000 Sales 1,000 2. Always Dr. first, then Cr 2. Use and copy accurately only the following account names (not case sensitive): Inventory, A/Rec, N/Rec, Cash, Sales, Sales R/A, Sales/Disc, CGS, Int/Rec. Int Rev. June 1 Received a $6.000, 12%, 1-year note from Sue Forest as full payment on her account. Account Dr. Account Cr. Nov. 1 Sold merchandise on account to Reeves, Inc., for $7,000, terms 2/10. n/30. Account Dr. Account Cr. Nov. 5 Reeves, Inc., returned merchandise worth $1.000. Account Dr. Account Cr Nov. 9 Received payment in full from Reeves, Inc. Account Dr. Account Dr. Account Cr. Dec. 31 Accrued interest on Forest's note. Account Dr. Account Cr