question 4 ch 6

Hudson Cycles started October with 25 bicycles that cost $65 each. On October 16 , Hudton purchased 50 bigyeles at $90 each. On October 31 , Hudtun sold 45 bioycles for $7 esch. Requirements 1. Prepara Hudson Gdo's perpetual inventory record assuming the company uses the FIFO inventory costing reechod 2. Joumalize the Oetaber 16 purchase of merchendise imventory on acoount and the October 31 sale of metchandse invention on account. Requirement 1. Frepars Hudson Cycie's perpetual inventoy record assuming the compory uses the fiFo inventory costing method. Aboreviation used: QTY = Quarbey, Tot = Total)