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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase: 14 Sale 20 units $14 15 units

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase: 14 Sale 20 units $14 15 units @$15 25 units 21 Purchase 25 Sale 8 units $16 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 Purchases Cost of Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 14 21 25 Total Cost of goods sold Ending inventory value

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