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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $13 15 Purchase 13 units @
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $13 15 Purchase 13 units @ $19 14 Sale 19 units 10 units @ $19 13 units 21 Purchase 25 Sale Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using LIFO. Purchases Cost of Merchandise Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 $ 11 14 21 25 Total cost of merchandise sold Ending inventory value
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