Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 10 units $18.00 11 Purchase 10 units $18.00 14 Sale 16 units 20 units 21 Purchase $25.00 25 Sale 14 units Assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventary using LIFO. Select the correct answer. cost of merchandise sold S540.00 and ending inventory $320.00 cost of merchandise sold 5638.00 and ending inventory S320.00 cost of merchandise sold $638.00 and ending inventory S750,00 cost of merchandise sold 9638,00 and ending inventory 5222.00