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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory V 20 units @ $12 11 Purchase 17 units
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory V 20 units @ $12 11 Purchase 17 units @ $17 14 Sale 25 units 21 Purchase 25 Sale 13 units @ $22 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 FIFO. Purchases Cost of Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost 20 April 3 $ 12 $ 240 11 17 17 289 20 $ 12 $ 240 17 $ 17 289 17 $ 14 21 13 $ 22 286 25 Check My Work All work saved. $ 13 $ X X $ $ $ $ Previous Email Instructor Save and Exit Submit Assignment for Grading
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