Beginning inventory, purchases, and sales data for tennis rackets are as follows: April Inventory 19 units...

Transcribed Image Text:

Beginning inventory, purchases, and sales data for tennis rackets are as follows: April Inventory 19 units $12 11 Purchase 14 units $17 14 Sale 26 unit 21 Purchase 11 units 116 25 Sale 12 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using FIFO. Date Qty. Purchases Unit Cost Total Cost Qty. Cost of Merchandise Sold Unit Cest Inventory Total Cost Qty. Unit Cost Ap 11 14 21 | 1 000 Total cost of merchandise sold Ending inventory value 10000 000 Beginning inventory, purchases, and sales data for tennis rackets are as follows: April Inventory 19 units $12 11 Purchase 14 units $17 14 Sale 26 unit 21 Purchase 11 units 116 25 Sale 12 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using FIFO. Date Qty. Purchases Unit Cost Total Cost Qty. Cost of Merchandise Sold Unit Cest Inventory Total Cost Qty. Unit Cost Ap 11 14 21 | 1 000 Total cost of merchandise sold Ending inventory value 10000 000