can you explain each stop please

Ostione New Tech Cycles started March with 5 bicycles that cost $48 each. On March 16, New Tech bought 30 bicycles at 556 cach. On March 31, New Tech sold 21 bicycles for $90 each. Requirements 1. Prepare New Tech Cycle's perpetual inventory record assuming the company uses the weighted average inventory costing method 2. Joumalize the March 16 purchase of merchandise inventory on account and the March 31 sale of merchandise inventory on account Requirement 1. Prepare New Tech Cycle's perpetual inventory record assuring the company uses the weighted average Inventory costing method Start by entering the beginning inventory balance. Enter the transaction in chronological order, calculating new inventory on hand balances after each transaction. Once of the transactions have been entered into the perpetual record, calculate the quantity and total cost of Inventory purchased, sold, and on hand at the end of the period. (Abbreviation used: QTY. Quantity Tot. Total) New Tech Cycles Purchases Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Mar. 1 Enter any number in the edit fields and then click Check Answer Check Answer Clear All remaining MacBook Pro 9 $ 4 7 # 3 6 un Z 7 2 P { 70 U T Y Q E J K H G F D S A look