okt 2 beyler Hudson Cybe stated August with 5 bikycles that cont 548 each. On August 16. Hudhon purchased a bicycles et 555 coch. Next question Raquirements Prepare Hudson Cycle's perpetual Inventory record assuming the company uses the weighted average inventory conting method 2 Journalire the August 16 purchase of merchandise Inventory an account and the August 31 sale of merchandise inventory 1. Requirement 1. Prepare Muthon Cyde's perpetual inventory record assuming the company uses the weighted average inventory conting method Start by entering the beginning inventory balances. Enter the transactions in chronological order calling new inventory on hand balance went to Once the the perpetual record, culate the quantity and total cost of inventory purchased, old, and on hand at the end of the period in ved OTY Hudson Cycles Purchase Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost OTY Unit Cost Tot. Coat GTY Unit Cost Tot, Cost 55 485 Aug 1 305 355 555 1,650 Aug 16 545 21 54 Aug 31 240