To record sale on account Now record the cost of the putters sold on the 6th. Date Accounts and Explanation Debit Credit Nov 6 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Ch 5 parts remaining G Lulu Tu le putters assuming Golf Unlimited uses the FIFO inventory costing 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 Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventoro the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Date Total Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov. 1 Nov. 6 24 $ 53 $ 20$ 53 $ 1,272 212 1.060 4 $ 53 $ Nov. 8 30$ 70 S 2,100 4 $ 53 $ 212 30 $ 70 $ 2.100 Nov. 17 41 $ 53 $ 212 41 $ 70 $ 280 26 70 1,820 Nov. 30 2$ 70 $ 140 2 70 $ 140 Totals 30 2.100 52 $ 3.232 N $ 140 Identify the cost of ending inventory for the month. The cost of ending inventory using the FIFO method is $ 140 Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is $ 3,232 Requirement 2. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by