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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $18 11 Purchase 16 units $18 14 Sale

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $18 11 Purchase 16 units $18 14 Sale 22 units 21 Purchase units to 25 Sale 15 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise old and ending inventory FIFO Cost of Purchases Inventory Merchandise Sold Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 11 O - o o II II HIIII ul. 21 100 II EE Total cost of merchandise sold Ending inventory value

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