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 pariod. (Enter the oldest inventory layers first.) Identify the cost of ending inventory for the month. - The cost of ending inventory using the FIFO method is Identify the cost of goods sold for the month. The cost of goods sold using the FIFO method is Requirement 2. Journalize Golf Unlimited's inventory transactions using the FIFO inventory costing method. (Assume purchases and sales are made on account.) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the entry to record the sale of the putters on account on the 6 th. Now record the cost of the putters sold on the 6 th. Journalize the purchase of the putters on account on the 8th. Journalize the sale of the putters on account on the 17 th. Journalize the cost of the putters sold on the 17 th. Journalize the sale of the putters on account on the 30 th. Journalize the cost of the putters sold on the 30 th. Data table