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Beginning inventory, purchases, and sales data for tennis rackets are as follows: 18 April 3 Inventory.nite @ $14 15 11 Purchase units ite@$14 22 14
Beginning inventory, purchases, and sales data for tennis rackets are as follows: 18 April 3 Inventory.nite @ $14 15 11 Purchase units ite@$14 22 14 Sale units 21 Purchase * @ $17 25 Sale units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine th of goods sold and ending inventory using LIFO. Cost of Purchases Goods Sold Inventory Unit Total Total Total Date Qty. Qty. Unit Cost Qty. Unit Cost Cost Cost Cost Cost April 3 18 $ 14 $ 252 1115 $ 14 $ 210 18 $ 14 $ 357 14 21 14 $ 17 $ 238 14 $ 17 2 $ 14 Total Cost of goods sold $ ( 2 Ending inventory value
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