Question

Putter’s Choice carries an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the following for a particular line of Putters Choice putters:
Requirements
1. Prepare a perpetual inventory record for the putters assuming Putter’s Choice uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month.
2. Journalize Putter’s Choice’s inventory transactions using the FIFO inventory costing method.


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  • CreatedJune 12, 2015
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