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\begin{tabular}{|clcc|} \hline \multicolumn{1}{c}{ Date } & Item & Quantity & Unit Cost \\ \hline Sep. 1 & Balance & 24$ & 53 \\ Sep. 6 & Sale & 20 & \\ Sep. 8 & Purchase & 30 & 70 \\ Sep. 17 & Sale & 30 & \\ Sep. 30 & Sale & 2 \\ \hline \end{tabular} Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the LIFO 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 LIFO inventory costing method. (Assume purchases and sales are made on account.) Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of each putter is $126, Company records indicate the following for a particular line of Golf Unlimited's putters: (Click the icon to view the records.) Read the reguirements. Requirement 1. Prepare Golf Unlmited's perpetual inventory record for the putters assuming Golf Unimited 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 affer 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.)

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