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Beginning inventory, purchases, and sales data for tennis rackets are as follows! April 3 Inventory 21 units @ $17 11 Purchase 16 units @ $14
Beginning inventory, purchases, and sales data for tennis rackets are as follows! April 3 Inventory 21 units @ $17 11 Purchase 16 units @ $14 14 Sale 21 units 21 Purchase 9 units @ $15 25 Sale 13 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using LIFO. Cost of Goods Sold Qty Date: Apr. 3 14 21 25 Balances Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Unit Cost 00 00 00 00 Cost of Goods Sold Total Cost Inventory Qty Inventory Unit Cost Inventory Total Cost 000
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