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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $13 11 Purchase 15 units @ $19
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $13 11 Purchase 15 units @ $19 14 Sale 24 units 21 Purchase 11 units @ $15 25 Sale Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO. Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Date April 3 11 14 21 25 Balances 17 units Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty All work saved. $ 000 Inventory Qty Inventory Unit Cost Previous Inventory Total Cost Next Submit Test for Grading
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