Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units $13 11 Purchase 17 units $15 14 Sale 23 units 21 Purchase 13 units $21 25 Sale 19 units Complete the subsidiary Inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending Inventory using LIFO. Cost of Purchases Merchandise Sold Total Cost Date Qty. Unit Cost Qty. Unit Cost Qty. Total Cost Inve Unit April 3 11 17 15 14 21 13 21 uu 25 Ending inventory v Total cost of merchandise sold Previous Next