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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units $16 11 Purchase 13 units $15 14 Sale

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units $16 11 Purchase 13 units $15 14 Sale 18 units 21 Purchase 8 units $16 25 Sale 12 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 LIFO. be Cost of Purchases Goods Sold Ins Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Un April 3 14 5 21 25 18 units units $16 assuming the business maintains a perpetual Inventory system and determine the cost of goods sold Cost of Goods Sold Inventory Purchases Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost 10 II Total Cost of goods sold Ending inventory value

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