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Beginning Inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units $14 11 Purchase 14 units $19 14 Sale

Beginning Inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units $14 11 Purchase 14 units $19 14 Sale 25 units 21 Purchase 11 units $16 25 Sale 13 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFO. Purchases Date Qty. Unit Cost Total Cost Qty. Cost of Goods Sold Unit Cost Inventory Total Cost Qty. Unit Cost Total Cost April 3 11 14 21 25 Total Cost of goods sold Ending inventory value

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