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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units 11 Purchase 15 units $18 $19 14
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units 11 Purchase 15 units $18 $19 14 Sale 21 units 21 Purchase 8 units $20 25 Sale 14 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 LIFO Purchases Cost of Merchandise Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 14 21 25 Total cost of merchandise sold 1000 100.00 00.000 000 000 000 Ending inventory value
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