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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units @ $14 11 Purchase 14 Sale 13 units

Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units @ $14 11 Purchase 14 Sale 13 units @ $17 28 units 21 Purchase 10 units @ $20 10 units 25 Sale Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchand sold and ending inventory using FIFO. Purchases Cost of Merchandise Sold Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 13 17 221 14 13 17 221 15 14 210 12 21 10 20 200 25 10 20 200 14 se Inventory Qty. Unit Cost Total Cost 21 21 13 Ending inventory value

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