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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $16 11 Purchase 14 Sale 16
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $16 11 Purchase 14 Sale 16 units @ $18 24 units 21 Purchase 25 Sale 14 units @ $16 15 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO. Date Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Qty Inventory Unit Cost Inventory Total Cost April 3 11 14 21 25 Balances 000 0000
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