first question and second question please answer.

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Melrose Cycles uses the FIFO inventory method. Melrose started January with eight bicycles that cost $270 each. On January 16 , Melrose bought 32 bicycles Prepare the perpetual inventory record. Start by entering the opening at $260 each. On January 31, Melrose inventory balance. Enter the transactions in chronological order. sold 24 bicycles. Prepare Melrose's perpetual inventory record. The Music Worid Store carries a large inventory of guitars and other musical instruments. Company records indicate the following for a particular line of First, make an inventory schedule and enter each purchase and sale. Start by entering the opening balance of inventory. Be sure to calculate the balance after each guitars. transaction. (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory. Round average cost per unit to two decimals (X,XX) and total cost to the nearest dollar.) Required Assume that the store uses the moving-weighted-average-cost method. Prepare The Music Worid Store's perpetual inventory record for the guitars on the moving-weighted-average-cost basis. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar