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Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 15 units @ $20.00 11 Purchase 8 units @ $21.00

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 15 units @ $20.00 11 Purchase 8 units @ $21.00 14 Sale 14 units 21 Purchase 19 units @ $24.00 25 Sale 10 units Assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO. Select the correct answer. cost of merchandise sold $528.00 and ending inventory $396.00 cost of merchandise sold $528.00 and ending inventory $444.00 cost of merchandise sold $528.00 and ending inventory $576.00 cost of merchandise sold $480.00 and ending inventory $444.00

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