Montana Cycles started July with 25 bicycles that cost $36 each. July 16, Montana Cycles bought 35 bicycles at $60 each. July 31, Montana Cycles sold 33 bicycles for $105 each. Assume Montana Cycles sold 20 bicycles that cost $36 each and 13 bicycles that cost $60 each. Prepare Montana Cycles perpetual inventory record assuming the company uses the specific identification inventory costing method. Total Cost of Goods Sold: $ Total Inventory on Hand: Total Cost: Journalize the july 16 purchase of merchandise inventory on account and the july 31 sale of merchandise inventory on account