Requirement 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited 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 Cost of Goods Sold Unit Total Inventory on Hand Unit Total Quantity Cost Cost Unit Total Cost Date Cost Cost Quantity Quantity Lost Nov 1 - X Data Table Date Item Quantity Unit Cost Nov. 1 Balance Nov. 6 20 Nov. 8 Purchase 30 70 Nov. 17 30 Nov. 30 Sale 2 Print Done Requirements ho - 1. Prepare a perpetual inventory record for the putters assuming Golf Unlimited uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account) 2. Print Done