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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 12 units $45 11 Purchase 13 units @ $47 14

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 12 units $45 11 Purchase 13 units @ $47 14 Sale 18 units 21 Purchase 9 units 0 $60 25 Sale 10 units Complete the inventory cost card assuming the business maintains a perpetual inventory wystem and determine the cost of goods sold and ending inventory using LIFO. Cost of Purchases Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 11 14 BE 9 21 25 Total Cost of goods sold Ending Inventory value

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