Question
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 15 units @ $15.00 11 Purchase 8 units @
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 15 units @ $15.00 11 Purchase 8 units @ $21.00 14 Sale 12 units Purchase Sale 18 units @ 13 units $25.00 21 25 Assuming the business maintains a perpetual inventory system and calculates the cost of goods sold and ending inventory using LIFO. Select the correct answer. cost of goods sold $375.00 ending inventory $468.00 cost of goods sold $553.00 ending inventory $468.00 cost of goods sold $553.00 ending inventory $625.00 cost of goods sold $553.00 ending inventory $290.00
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