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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

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 record, calculate the quantity and
total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Remember, for the year ended December 31,
2025, a physical inventory account resulted in the following counts: desk lamps, 1,492; table lamps, 6,694; and floor lamps, 7,500.(Enter
the oldest inventory layers first.)
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