Apr. 3 Inventory 12 units @ $45 Purchase 13 units @ $47 18 units 9 units @ $60 10 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandi- ending inventory using FIFO. 14 11 14 Sale 21 Purchase 25 Sale Date Qty Unit Cost Total Cost Apr. 3 21 11 13 $47 25 Purchases Qty 18 CengageN Cost of Merchandise Sold Unit Cost 16 $Total Cost $ Total cost of Merchandise sold SA $ Qty 12 Inventory Unit Cost $$45 Total Cost Ending inventory value

Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory systert and computes the cost of merchandise sold and ending inventory using FIFO