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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $13 11 Purchase 12 units $19 14 Sale

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $13 11 Purchase 12 units $19 14 Sale 16 units 21 Purchase 12 units $17 25 Sale 14 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending Inventory using LIFO. Cost of Purchases Merchandise Sold Invento Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cor April 3 11 12 228 22 13 286 14 21 12 17 204 Il 25 II 14 Sale 16 units 21 Purchase 12 units $17 25 Sale 14 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual Inventory system and computes the cost of merchandise sold and ending inventory using LIFO. Cost of Purchases Merchandise Sold Inventor Date Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost April 3 11 12 19 228 Qty. $ 14 22 13 286 21 12 17 204 25 Total cost of merchandise sold Ending Inventory value 16 units 12 units @ $17 14 units nventory ledger assuming the business maintains a perpetual Inventory system and computes the cost of merchandise sold and ending Inventory Cost of Merchandise Sold Purchases Inventory Unit Cost Total Cost Qty. Total Cost Unit Cost Total Cost Qty. Unit Cost $ 19 228 13 286 22 17 204 II. ud Total cost of merchandise sold Ending Inventory value

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