2 questions, please answer

The Music carries a large inventory of guitars and other musical instruments. The store uses the FIFO method and Prepare the perpetual inventory record. In this a perpetual inventory system. Company records indicate _step, work on the inventory on hand. Start by the following for a particular line of guitars that sell for entering the opening balance of inventory. Enter $1,800 each. the transactions for the purchases and sales in chronological order. When entering sales, enter the oldest cost in the first line. Be sure to calculate the balance after each transaction. (Use parentheses. or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory.) Required Prepare a perpetual inventory record for the guitars. Then, determine the amounts. The Music should report for ending inventory and cost of goods sold under the FIFO method. Wright Landscape Supplies, which uses a perpetual inventory system and the FIFO costing method, has these accoun balances at January 31,2023 , prior to releasing the financial statements for the year: The company has determined that the net realizable value of the January 31,2023, ending inventory is $84,000. Required Prepare Wright Landscape Supplies' partial balance sheet at January 31, 2023, to show how Wright would apply the lower-of-cost-and-net-realizable-value rule to inventories. Include a complete heading for the statement. In this step, complete the heading of the partial balance sheet. Then complete the body of the partial balance sheet in the next step