How do you calculate the cost of goods sold and the inventory on hand section? He sold 21 bikes for $96 on Oct 31^st Can you show me how you calculate the bottom sections for the cost of goods and inventory on hand, please show the process as well as the answers, thank you.

Hudson Cycles started October with 15 bicycles that cost $75 each. On October 16, Hudson purchased 25 bicycles at $91 each. On October 31, Hudson sold 21bicycles for $96 each.

Requirements

1.	Prepare Hudson Cycle's perpetual inventory record assuming the company uses the specific identification inventory costing method. Assume that Hudson sold 10 bicycles that cost $75 each and 11 bicycles that cost $91 each.
2.	Journalize the October 16 purchase of merchandise inventory on the account and the October 31 sale of merchandise inventory on account.