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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 10 units @ $15.00 11 Purchase 14 Sale 7
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 10 units @ $15.00 11 Purchase 14 Sale 7 units @ 16 units $17.00 21 Purchase 18 units @ $24.00 Sale 14 units 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. OOOO cost of goods sold $450.00 ending inventory $251.00 cost of goods sold $590.00 ending inventory $720.00 cost of goods sold $590.00 ending inventory $111.00 cost of goods sold $590.00 ending inventory $251.00
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