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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $18 11 Purchase 16 units $18 14 Sale
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $18 11 Purchase 16 units $18 14 Sale 23 units 21 Purchase 13 units @ $17 25 Sale 18 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 LIFO. Cost of Goods Sold Purchases Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost April 3 11 14 21 JI III 25 inventory using LIFO. Purchases Cost of Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost T April 3 11 14 389 21 Ill 25 Total Cost of goods sold Ending inventory value fry using LIFO. Purchases Cost of Goods Sold Inventory Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost II Total Cost of goods sold Ending inventory value
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