Beginning inventory, purchases, and sales data for tennis rackets are as follows: Assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LiFO. Select the correct answer. cost of merchandive sold $610.00 and ending inventory $156.00 cost of merchandise sold $610.00 and enditg inventary $672.00 cost of merchandine sold $504.00 and ending inventory $262.00 cost of merchandie sold $610.00 and ending inventory $262.00