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Keira's Sports, Inc., carries a line of titanium putters. Keira's Sports, Inc., uses the average cost method and a perpetual inventory system. The sales price of each putter is $177. Company records indicate the following activity for putters for the month of July 2 (Click the icon to view the records.) .) Read the requirements . Requirement 1. Prepare a perpetual inventory record for the putters on the average cost basis to determine the cost of ending inventory and cost of goods sold for the month. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Round Data table X have been entered into the perpetual record, bilar.) Avg Cost: Purchases Total Unit Cost Cost of goods sold Unit Total Qty Cost Cost Inventory on hand Unit Total Qty Cost Cost Quantity Unit Cost Date Qty Cost 4 4 S 102 Jul 1 4 102 408 20 $ 105 7 Date Item Jul Balance 7|Purchase 7 11 Sale 19 Purchase 28 Sale 20 105 2100 4 102 408 22 11 20 105 2100 17 $ 109 19 8 8 28 Total Print Requirement 2. Journalize the inventory transactions for Keira's Sports, Inc., using the perpetual average cost entries.) Done en credits. Exclude explanations from any journal July 7: Purchased 20 putters for $105 per putter. Journal Entry Date Accounts Debit Credit Jul 7 Next

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