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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $13 11 Purchase 12 units @ $18

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $13 11 Purchase 12 units @ $18 14 Sale 26 units 21 Purchase 10 units @ $21 25 Sale 10 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. Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 $ 11 14 tt ta 21 25 $ Total Cost of goods sold Ending inventory value

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