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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 22 units @ $15 12 units $17
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 22 units @ $15 12 units $17 29 units 21 Purchase 8 units $19 25 Sale 10 units 14 Sale 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 Date April 31 Qty. Unit Cost Total Cost Qty. Cost of Goods Sold Unit Cost Inventory Total Cost Qty. Unit Cost Total Cost 11 14. 21 25 = 000 Total Cost of goods sold Ending Inventory value 0 000
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