how to calculate the ending inventory on hand for jan.31?

movation Cycles started January with 15 bicycles that cost $54 each. On January 16 , Innovation purchased 30 bicycles at $78 each. On January 31 , Innovation sold 28 bicycles for $110 each. Requirements 1. Prepare innovation Cycle's perpelual inventory record assuming the company uses the weighted-average inventory costing method. 2. Joumalize the January 16 purchase of merchandise invenfory on account and the January 31 sale of merchandise inventory on account. Requirement 1. Prepare innovation Cycle's perpetual inventory record assuming the company uses the weighted-average inventory cosing inethod. Start by entering the beginning inventory balances. Enter the transactions in chronological ordec, cakulating new inventory on hand balances after each transaction. Once all of the transactions have