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

Apr.	3		Inventory		12 units @	$45
	11		Purchase		13 units @	$47
	14		Sale		18 units
	21		Purchase		9 units @	$60
	25		Sale		10 units

Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculate the cost of merchandise sold and ending inventory using FIFO.

Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculate the cost of merchandise sold and ending inventory using FIFO. Cost of Purchases Inventory Merchandise Sold Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost Apr. 3 12 ta 45 ta 540 11 13 47 611 12 $ 45 540 13 $ 47 $ $ $ 611 14 12 45 540 7 $ 47 329 6 47 282 21 9 60 540 7 $ 47 $ 329 9 60 540 25 7 47 329 6 $ 60 $ 360 3 60 $ 180 Total cost of Merchandise sold $ 1,331 Ending inventory value $ 360 Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculate the cost of merchandise sold and ending inventory using FIFO. Cost of Purchases Inventory Merchandise Sold Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost Apr. 3 12 ta 45 ta 540 11 13 47 611 12 $ 45 540 13 $ 47 $ $ $ 611 14 12 45 540 7 $ 47 329 6 47 282 21 9 60 540 7 $ 47 $ 329 9 60 540 25 7 47 329 6 $ 60 $ 360 3 60 $ 180 Total cost of Merchandise sold $ 1,331 Ending inventory value $ 360