Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21...
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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units @ $16 11 Purchase 14 Sale 17 units @ $15 28 units 21 Purchase 25 Sale 10 units @ $18 13 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO. Date Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Qty Inventory Unit Cost Inventory Total Cost April 3 21 16 11 17 15 255 21 16 14 28 15.75 441 21 10 18 180 25 13 16600000 Balances Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units @ $16 11 Purchase 14 Sale 17 units @ $15 28 units 21 Purchase 25 Sale 10 units @ $18 13 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO. Date Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Qty Inventory Unit Cost Inventory Total Cost April 3 21 16 11 17 15 255 21 16 14 28 15.75 441 21 10 18 180 25 13 16600000 Balances
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