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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $18 11 Purchase 16 units @

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $18 11 Purchase 16 units @ $19 14 Sale 23 units 21 Purchase 11 units @ $16 25 Sale 15 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 LIFO. Purchases Cost of Goods Sold Inventory Date** Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 K 11 14. 21 25 Total Cost of goods sold 000 000 Ending inventory value

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