Question: Date Item Quantity Unit Cost Nov. 1 Balance 24 $ 53 Nov. 6 Sale 20 Nov. 8 Purchase 30 70 Nov. 17 Sale 30 Nov.

Date Item Quantity Unit Cost Nov. 1 Balance 24 $ 53 Nov. 6 Sale 20 Nov. 8 Purchase 30 70 Nov. 17 Sale 30 Nov. 30 Sale 2 1. Prepare Golf Unlimited's perpetual inventory record for the putters assuming Golf Unlimited uses the weighted average inventory costing method. Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Golf Unlimited's inventory transactions using the weighted average inventory costing method. (Assume purchases and sales are made on account.)

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