Use the following information to answer Exercises E6-16 through E6-I8. Putters 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 Putter's Choise putters: Measuring and journalizing merchandise inventory and cost of goods sold __FIFO requirements prepare a perpetual inventory record for the putters assuming putters choice uses the FIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Putters Choices inventory transacting using the FIFO inventory costing method.(assume purchase and sales are made on account.)