Next, prepare complete the inventory record for floor lamps. 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 recor d$,$ calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Remember, for the vear ended December $31.2025.$ a phvsical inventory account resulted in the following counts: desk lamps, $978.$ table lamps lamps,$13100$oldest inventory lavers first.