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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $14.00 11 Purchase 17 units $19.00 14 Sale

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $14.00 11 Purchase 17 units $19.00 14 Sale 13 units 21 Purchase 10 units $19.00 25 Sale 15 units Assuming the business maintains a perpetual Inventory system, calculate the cost of goods sold and ending inventory using FIFO. Select the correct answer O cost of goods sold $821.00 ending inventory $399.00 cost of goods sold $422.00 ending Inventory $399.00 O cost of goods sold $422.00 ending Inventory $821.00 cost of goods sold $399.00 ending inventory $422.00

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