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Beginning inventory, purchases, and sales data for tennis rackets are as follow Complete the inventory cost card assuming the business maintains a perpetual inventory system

Beginning inventory, purchases, and sales data for tennis rackets are as follow

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.

image text in transcribedimage text in transcribed Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units (1) \$15 11 Purchase 13 units (1) \$14 14 Sale 25 units 21 Purchase 9 units (1) $22 25 Sale 13 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

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