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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 20 units @ $17 16 units @
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 20 units @ $17 16 units @ $17 14 Sale 20 units 21 Purchase 10 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 em inventory using LIFO. Purchases Cost of Goods Sold Invento Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost April 3 11 14 21 23 25 25 33 Total Cost of goods sold Ending inventory value
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