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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory Purchase Sale Purchase Sale 19 units @ 18 units @

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory Purchase Sale Purchase Sale 19 units @ 18 units @ 11 units 11 units @ 13 units $14.00 $14.00 21 $16.00 25 Assuming the business maintains a perpetual inventory system, calculate the cost of goods sold and ending inventory using FIFO Select the correct answer. cost of goods sold $336.00 ending inventory $694.00 cost of goods sold $694.00 ending inventory $358.00 cost of goods sold $358.00 ending inventory $336.00 cost of goods sold $336.00 ending inventory $358.00

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