solve both asap please

CH the Octubre 1 Prepare Boston Cycles perpetual entory record assuming the companys the specific identification inventory costing method. Assume that loston sold 10 bicycles that cost $42each and 24 bicycles that cost 6 each Journace the October 16 purchase of merchandise inventory on account and the October 31 sale of merchandise inventory on account 12 Purchases Unit Date QuantityCost Oct 1 Cost of Goods Sold Unit Total Cost Quantity Unit Inventory on Hand Unt Total Cost Quantty Cost 12 units 542 Total Coat 15 16 16 40 units 568 31 TE 17 10 units $42 24 $ 68 12 units $42 40 units 68 2 units $42 16 units $50 21 34 units Totals 40 units SS5016-10 18 units SO Alignment Number Style 6 X Journalize the October 16 purchase of merchandise inventory on account and the A B D E G H M Debit Credit Date Accounts and Explanation Oct. 16 Merchandise Inventory Accounts Payable Purchased inventory on account. 31 Accounts Receivable Sales Revenue Sale on account 4 5 6 31 Cost of Goods Sold Merchandise Inventory Recorded the cost of goods sold