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Shepherd Cycles uses the FIFO inventory method. Shepherd started March with nine bicycles that cost $ 2 9 0 each. On March 1 6 ,

Shepherd Cycles uses the FIFO inventory method. Shepherd started March with nine bicycles that cost $290 each. On March 16, Shepherd bought 36 bicycles at $320 each. On March 31, Shepherd sold 27 bicycles. Prepare Shepherd's perpetual inventory record.
Prepare the perpetual inventory record. Start by entering the opening inventory balance. Enter the transactions in chronological order. When entering sales, enter the first cost to come out of inventory on the first line. Be sure to calculate the balance after each transaction.
(Use a minus sign or parentheses when subtracting numbers.)
\table[[Date,Quantity,Unit Cost,Total Cost],[Ending Inventory,,,]]
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