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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $13 17 units @ $19 11 Purchase
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $13 17 units @ $19 11 Purchase 14 Sale 21 Purchase 21 units 14 units @ $19 25 Sale 17 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. Cost of Goods Sold Purchases Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 22 $ 13 $ 286 11 17 19 $ 323 X $ X $ $ 14 $ $ $ $ $ ! 000000 ni in 21 14 19 $ 266 $ $ 25 $ $ $ Total Cost of goods sold $ Ending inventory value
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