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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $17 11 Purchase 16 units @ $17
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $17 11 Purchase 16 units @ $17 14 Sale 21 units 21 Purchase 10 units @ $21 25 Sale 14 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.
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