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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units $12 11 Purchase 16 units $18 14

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units $12 11 Purchase 16 units $18 14 Sale 20 units 21 Purchase 9 units $15 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 ending inventory using LIFO 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 25 833 33 Total Cost of goods sold 101 000 Ending inventory value 0000

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