Jrake Consulting performs systems consulting and has the following post$-$closing balances at Jecember $31,2016.$

$($Click the icon to view the post$-$closing balances.$)$

The company has also begun selling accounting software and uses the perpetual inventory system to account for software inventory.

During January, Drake Consulting completed the following transactions and opened th following accounts.

ii$)($Click the icon to view the transactions.$)$

i$.($Click the icon to view the new accounts and opening balances.$)$

Read the requirements. the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. $($Enter the oldest inventory layers first.$)$

Reference

$\backslash$table$[[$Cash$,$Accounts Payable,Sorvice Rovenue$],[$Bal$.,25,610,,4,300$Bal,,,$0$Bal