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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $15 11 Purchase 16 units @ $16

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $15 11 Purchase 16 units @ $16 14 Sale 26 units 21 Purchase 10 units $17 25 Sale 13 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFC Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Qty: Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 14 21 III 25 Total Cost of goods sold Ending inventory value

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