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Beginning inventory, purchases, and sales data for tennis rackets are as follows Apr 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 18
Beginning inventory, purchases, and sales data for tennis rackets are as follows Apr 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 18 units $14 15 units $17 22 units 11 $16 16 units Complete the subsidary inventory ledger assuming the business maintains a perpetual Inventory system and computes the cost of merchandise sold and ending inventory using UFO Date April 3 Qty. Purchases Unit Cost Cost of Merchandise Sold Inventory Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost 11 15 17 255 14 " 21 11 176 25 22 Total cost of merchandise seld Ending inventory value
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