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Beginning inventory, purchases, and sales data for tennis rackets are as follows: Date Line Item Description Units and Cost April 3 Inventory 2 0 units
Beginning inventory, purchases, and sales data for tennis rackets are as follows:
Date Line Item Description Units and Cost
April Inventory units @ $
Purchase units @ $
Sale units
Purchase units @ $
Sale units
Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO.
Date Purchases
Qty Purchases
Unit Cost Purchases
Total Cost Cost of
Goods Sold
Qty Cost of
Goods Sold
Unit Cost Cost of
Goods Sold
Total Cost Inventory
Qty Inventory
Unit Cost Inventory
Total Cost
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Balances $fill in the blank
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