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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 12 units @ $45 13 units $47

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 12 units @ $45 13 units $47 18 units 21 Purchase 25 Sale 9 units $60 10 units 14 Sale Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using LIFO. Purchases Date Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty Cost of Goods Sold: Unit Cost Cost of Goods Sold Total Cost Inventory Qty Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using LIFO Cost of Purchases Purchases Date Qty Unit Cost Purchases Total Cost Goods Sold Cost of Goods Sold Cost of Goods Sold Inventory Inventory Inventory Qty Unit Cost Total Cost Qty Unit Cost Total Cost Apr. 3 11 14 21 25 Balances 0000 00.00 00

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