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Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 15 units $19.00 $21.00 11 Purchase 10 units 14 Sale

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 15 units $19.00 $21.00 11 Purchase 10 units 14 Sale 14 units 21 17 units $25.00 Purchase Sale 25 11 units Assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending Inventory using LIFO. Select the correct answer. cost of merchandise sold $475,00 and ending inventory $445.00 cost of merchandise sold $561.00 and ending inventory $445.00 cost of merchandise sold 8561.00 and ending inventory $625,00 cost of merchandise sold $561.00 and ending inventory 8359.00

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