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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units $12 11 Purchase 14 units $18 14 Sale

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units $12 11 Purchase 14 units $18 14 Sale 26 units 21 Purchase 8 units $17 25 Sale 12 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 11 14 21 25 Total Cost of goods sold Ending inventory value

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