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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $15 11 Purchase 14 units @ $18
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $15 11 Purchase 14 units @ $18 14 Sale 26 units 21 Purchase 10 units @ $17 25 Sale 13 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 FIFO. Cost of Merchandise Sold Inventory Purchases Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Tot April 3 $ 11 $ $ 14 $ 21 $ $ $ $ 25 $ Total cost of merchandise sold Endina inventory value $
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