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Beginning inventory, purchases, and sales data for tennis rackets are as follows Beginning inventory, purchases, and sales data for tennis rackets are as follows: April

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Beginning inventory, purchases, and sales data for tennis rackets are as follows

Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 II 14 21 25 Inventory Purchase Sale Purchase Sale 22 units @ $16 14 units @ $15 28 units 11 units @ $16 14 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. 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 Date April 3 11 14 21 25 Balances

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