do all parts completly

Shepherd Cycles started July with 5 bicycles that cost 848 each On July 16, Shepherd purchased 30 bicycles at $56 each. On July 31, Shepherd sold 21 bicycles for $98 Requirements Prepare Shepherd Cycle's perpetual inventory record assuming the company uses the FIFO inventory costing method. 2. Joumalize the July 16 purchase of merchandise Inventory on account and the July 31 sale of merchandise Inventory on account, 1. Requirement 1. Prepare Shepherd Cycle's perpetual inventory record assuming the company uses the FIFO Inventory conting method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new Inventory on hand balances after each transaction. Once calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period (Enter the oldest inventory Wyers first. Abbreviation used QTY. OL Shepherd Cycles Purchases Cost of Goods Sold Inventory on Hand QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Unit Cost Tot. Cost Date QTY Jul. 1 m6, Shepherd purchased 30 bicycles at $55 each. On July 31, Shepherd sold 21 bicycles for $98 each me company uses the FIFO inventory costing method. Sunt and the July 31 sale of merchandise inventory on account suming the company uses the FIFO inventory costing method. - in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, hand at the end of the period. (Enter the oldest inventory layers first. Abbreviation used: QTY = Quantity: Tot. = Totat) Inventory on Hand QTY Unit Cost Tot. Cost Cost