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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 14 Sale 22 units @ $12 14 units
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 14 Sale 22 units @ $12 14 units @ $15 21 units 21 Purchase 13 units $20 25 Sale 19 units 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 Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 14 21 21 25 es the cost of merchandise Inventory Unit Cost Total Cost Qty. $ 10 Ending inventory value Total Cost $
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