Just need some help on this and the few parts that will follow! The answers in the white boxes currently are INCORRECT!

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W 56-6 (similar to) Question Help Mountain Cycles started March with 12 bicycles that cost $42 each. On March 16, Mountain bought 40 bicycles at $68 each. On March 31, Mountain sold 31 bicycles for $99 each. Requirements 1. Prepare Mountain Cycle's perpetual inventory record assuming the company uses the weighted average inventory costing method. 2. Journalize the March 16 purchase of merchandise inventory on account and the March 31 sale of merchandise inventory on account. Requirement 1. Prepare Mountain Cycle's perpetual inventory record assuming the company uses the weighted average inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Abbreviation used: QTY = Quantity; Tot. = Total) Mountain Cycles Purchases Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Mar. 1 12$ 42 $ 504 Mar. 16 40 $ 68 $ 2,720 52 $ 62 $ 3,224 Mar. 31 34 $ 62 2108 62 1116 18 $ Enter any number in the edit fields and then click Check Answer. ? 4 parts remaining Clear All Check