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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April $45 $47 3 11 14 21 Inventory Purchase Sale Purchase 12 units
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April $45 $47 3 11 14 21 Inventory Purchase Sale Purchase 12 units @ 13 units 18 units 9 units 10 units $60 25 Sale Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates 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 Total Cost April 3 210 Purchases Cost of Goods Sold Unit Cost Inventory Unit Cost Date Qty Unit Cost Total Cost Qty Total Cost Qty Total Cost April 3 UUUUUU Total Cost of goods Total cost of goods s e nding anventory Ending Inventory value sold
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