Question $3,$ SF$6-6($similar to$)$

Part $5$ of $7$

Score: $68\mathrm{.}39\%,6\mathrm{.}15$ of $9$ points

Points: $0\mathrm{.}58$ of $1$

AZ Cycles started May with $5$ bicycles that cost $$48$ each. On May $16,$ AZ purchased $30$ bicycles at $$55$ each. On May $31,$ AZ sold $21$ bicycles for $$105$ each Requirements

Prepare $AZ$ Cycle's perpetual inventory record assuming the company uses the weighted$-$average inventory costing method.

Journalize the May $16$ purchase of merchandise inventory on account and the May $31$ sale of merchandise inventory on account.

Requirement $1.$ Prepare AZ Cycle's perpetual inventory record assuming the company uses the weighted$-$average inventory costing method. inventory purchased, sold, and on hand at the end of the period. $($Abbreviation used: QTY $=$ Quantity; Tot. $=$ Total$)$

$\backslash$table$[[$AZ Cycles$],[$Date$,$Purchases,Cost of Goods Sold,Inventory on Hand$],[$QTY$,$Unit,Cost,,t$.$ Cost,QTY$,$Unit Cost,Tot. Cost,QTY$,$Unit Cost,Tot. Cost$],[$May $1,,,,,,,,,5,\{$f$4966$a$4$f$0-$f$5$cb$-4474-876$a$-930$bff$6$bf$6$fc$\}$

$\backslash$table$[[$$$,48]],\backslash$table$[[,240]]],[$May $16,30,$$$,55,$$$,1,650,,,-,35,$$$,54,$$$,1,890$