ork: Week 7 Chapter 6 ork ist ve this K Calculator Question 2, EF6-17 (similar to) Part 1 of 14 > HW Score: 10.8%, 10.8 of 100 points O Points: 0 of 12 Putter's Paradise Superstore 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 Putter's Paradise Superstore's putters: View the records. Read the requirements. Total Cost Requirement 1. Prepare Putter's Paradise Superstore's perpetual inventory record for the putters assuming Putter's Paradise Superstore's 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 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.) A Purchases Unit Date Quantity Cost Apr. 1 Cost of Goods Sold Unit Quantity Cost Save Total Cost Quantity Clear all Inventory on Hand Unit Cost Total Cost Check answer

Putter's Paradise Superstore carries an inventory of putters and other goif clubs. The sales price of each pulter is $126 Company records indicate the following for a particular line of Putter's Paradise Superstore's putters View the records. Bead. the tequirements. Requirement 1. Prepare Putter's Paradise Superstore's perpetual inventory record for the putters assuming Putter's Paradise Superstore's 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 after each transaction. Once all of the transactions have been entered into the perpetuat record, calcufate the quantify and total cost of inventory purchased, sold, and on hand at the end of the period (Enter the oldest inventory layers first) Viey the records Records Records \begin{tabular}{llcr} \hline Date & Item & Quantity & \multicolumn{2}{c}{ Unit Cost } \\ \hline Apr. 1 & Balance & 13 & 75 \\ Apr. 6 & Sale & 5 & \\ Apr. 8 & Purchase & 12 & 85 \\ Apr. 17 & Sale & 12 & \\ Apr. 30 & Sale & 6 & \\ \hline \end{tabular} Print Done 1. Prepare Putter's Paradise Superstore's perpetual inventory record for the putters assuming Putter's. Paradise Superstore's uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Putter's Paradise Superstore's inventory transactions using the LIFO inventory costing method (Assume purchases and sales are made on account.)