Beginning inventory, purchases, and sales data for tennis rackets are as follows:

Apr.	3		Inventory		12 units @	$45
	11		Purchase		13 units @	$47
	14		Sale		18 units
	21		Purchase		9 units @	$60
	25		Sale		10 units

Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and calculate the cost of merchandise sold and ending inventory using FIFO.

	Purchases				Cost of Merchandise Sold				Inventory
Date	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		$