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Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter is 5151 Company records indicate the following for a particular line of Golfer's Favorite's putters: Click the icon to view the records) Read the requirements Requirement 1. Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory coating 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 Inventory on Hand Unit Total Total Quantity Quantity Cost Quantity Jun 11 75 5 975 Jun Unit Total Unit Date Cost Cost Cost Cost Cost 1315 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 ds Date Item Quantity Unit Cost Jun. 1 Balance 13 $ 75 Jun. 6 Sale 5 Jun. 8 Purchase 12 85 Jun. 17 Sale 12 Jun. 30 Sale 5 Print Done

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