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Beginning inventory, purchases, and sales data for tennis rackets are as follows: 12 units . Inventory $45 13 units 11 Purchase $47 14 Sale 18
Beginning inventory, purchases, and sales data for tennis rackets are as follows: 12 units . Inventory $45 13 units 11 Purchase $47 14 Sale 18 units 9 units e 21 Purchase $60 25 Sale 10 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO. Cost of Merchandise Sold Purchases Inventory ate Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost Apr. 3 11 14 21 25 Total Cost of merchandise sold Ending inventory value %3D
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