Question
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $13 11 Purchase 14 units @ $14
Beginning inventory, purchases, and sales data for tennis rackets are as follows:
| April | 3 | Inventory | 19 units | @ | $13 | |
| 11 | Purchase | 14 units | @ | $14 | ||
| 14 | Sale | 20 units | ||||
| 21 | Purchase | 11 units | @ | $18 | ||
| 25 | Sale | 16 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 LIFO.
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Knowledge Audit A Complete Guide
Authors: The Art Of Service - Knowledge Audit Publishing
2021 Edition
1867424010, 978-1867424017
