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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units @ $12 11 Purchase 17 units @ $15
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units @ $12 11 Purchase 17 units @ $15 14 Sale 23 units 21 Purchase 13 units @ $19 25 Sale 18 units 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 Qty Cost of Goods Sold Total Cost Date April 3 11 14 21 25 Balances Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Unit Cost 00 00 00 Inventory Qty 000 Inventory Unit Cost Inventory Total Cost 00 000000 000 000 0
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