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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 20 units
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 20 units @ \$17 13 units @ \$15 20 units 11 units @ \$21 17 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using LIFO
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