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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units $18 11 Purchase 15 units $15 14 Sale
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units $18 11 Purchase 15 units $15 14 Sale 22 units 21 Purchase 14 units $18 25 Sale 17 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending Inventory using FIFO. Cost of Goods Sold Inventory Purchases Unit Cost Qty. Total Cost Unit Cost Unit Cost Date Qty. Tot Total Cost Qty. April 3 11 14 21 ZZ UNITS 21 Purchase 14 units $18 25 Sale 17 units Complete the inventory cost card 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 Purchases Unit Cost Unit Cost Total Qty. Unit Cost Total Cost Date Total Cost Qty. Qty. April 3 11 14 21 25 Total Cost of goods sold Ending Inventory value Ok My Work Next 1:23 PM 220/20
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