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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 18 units $18 13 units $16 17 units
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 11 Purchase 18 units $18 13 units $16 17 units 21 Purchase 25 Sale: 11 units $20 17 units 14 Sale Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using LIFO. Purchases Cost of Goods Sold Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Inventory Unit Cost Total Cost 18 18 324 April 3 18 11 13 16 208 13 17 14 21 23 25 333 33 Total Cost of goods sold Ending inventory value Previous Next> Email Instructor Submit Test for Gradim
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