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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $14 11 Purchase 15 units @
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $14 11 Purchase 15 units @ $17 14 Sale 25 units 21 Purchase 12 units @ $15 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 Total Cost April 3 11 $ $ 14 21 $ $ 25 A Total Cost of goods sold $ Ending inventory value
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