1. Beginning inventory, purchases, and sales data for tennis rackets are as follows:

   April	3		Inventory	20 units	@	$13
   	11		Purchase	17 units	@	$19
   	14		Sale	25 units
   	21		Purchase	9 units	@	$22
   	25		Sale	15 units

   Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFO.

   	Purchases				Cost of Goods Sold				Inventory
   Date	Qty.	Unit Cost	Total Cost		Qty.	Unit Cost	Total Cost		Qty.	Unit Cost	Total Cost
   April 3									fill in the blank 1	$fill in the blank 2	$fill in the blank 3
   11	fill in the blank 4	$fill in the blank 5	$fill in the blank 6						fill in the blank 7	$fill in the blank 8	$fill in the blank 9
   									fill in the blank 10	$fill in the blank 11	fill in the blank 12
   14					fill in the blank 13	$fill in the blank 14	$fill in the blank 15		fill in the blank 16	$fill in the blank 17	$fill in the blank 18
   					fill in the blank 19	$fill in the blank 20	fill in the blank 21
   21	fill in the blank 22	$fill in the blank 23	$fill in the blank 24						fill in the blank 25	$fill in the blank 26	$fill in the blank 27
   									fill in the blank 28	$fill in the blank 29	fill in the blank 30
   25					fill in the blank 31	$fill in the blank 32	$fill in the blank 33		fill in the blank 34	$fill in the blank 35	$fill in the blank 36
   					fill in the blank 37	$fill in the blank 38	fill in the blank 39
   					Total Cost of goods sold		$fill in the blank 40		Ending inventory value		$fill in the blank 41