Homework: F:6-MAL Save Score: 0 of 1 pt 2 of 122 completo) HW Score: 8.33%, 1 of 12 p X SF6-6 (similar to) Question Help Mountain Cycles started August with 12 bicycles that cost $42 cach. On August 18, Mountain purchased 40 bicycles 500 each. On August 31, Mountain sold 28 bicycles for $99 each Requirements 1 Prepare Mountain Cyde's perpetual inventory record assuming the company uses the weighted average inventory cosing method 2 - Jourra co the August 16 purchase of merchandise inventory on account and the August 31 sale of merchandise inventary on account Requirement 1. Prepare Mountain Cycle's perpetual inventory record assuming the company uses the weighted average inventory costing method Start by entering the beginning invertory balances Enter the transactions in chronological order, coating new viventary on hand balance after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of entory purchased, sold, and on hand at the end of the period. (Abbreviation used OTY Ouantity: Tol - Total Mountain Cycles Purchases Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost QTY Unit Cost Tol Cost QTY Unit Cost Tot. Cost Aug