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.$)$

Shepherd Cycles

Date

Quantity

Unit Cost

Total Cost

$$

Balance

Ending Inventory