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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $12 11 Purchase 17 units @ $15
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $12 11 Purchase 17 units @ $15 14 Sale 29 units 21 Purchase 11 units @ $22 25 Sale 14 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO. Date April 3 11 14 21 25 Purchases Qty Purchases Unit Cost Purchases Total Cost 0 Cost of Goods Sold Qty 0 Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Qty Invento Unit Co
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