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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $17.00 11 Purchase 16 units @ $15.00 14
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $17.00 11 Purchase 16 units @ $15.00 14 Sale 13 units 21 Purchase 12 units @ $19.00 25 Sale 13 units Assuming the business maintains a perpetual inventory system, calculate the cost of goods sold and ending inventory using FIFO. Select the correct answer. cost of goods sold $393.00 ending inventory $432.00 cost of goods sold $432.00 ending inventory $393.00 cost of goods sold $432.00 ending inventory $825.00 cost of goods sold $825.00 ending inventory $393.00
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