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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units o $14 11 Purchase 16 units $14 14
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units o $14 11 Purchase 16 units $14 14 Sale 25 units 21 Purchase 10 units $20 25 Sale 14 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFO. Purchases Cost of Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Tot April 3 $ 11 $ 14 21 . $ 25 De Net Calculator 14 Sale 25 units 21 Purchase 10 units @ $20 25 Sale 14 units ete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending ory using FIFO. Purchases Cost of Goods Sold Inventory Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost 3 1 $ S $ 21 $ 5 $ S Total Cost of goods sold $ Ending inventory value $
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