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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $13 11 Purchase 14 Sale 13

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $13 11 Purchase 14 Sale 13 units $16 23 units Date Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty 21 Purchase 8 units @ $17 25 Sale 13 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. Inventory Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Qty Inventory Unit Cost Total Cost April 3 11 14 21 25 Balances 0000 0000 Previous

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