Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 15 units @ $16.00 11 Purchase 10 units @ $22.00 14 Sale 11 units 17 units Purchase 21 $20.00 25 Sale 11 units Assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO. Select the correct answer cost of merchandise sold $352.00 and ending inventory $448.00 cost of merchandise sold $456.00 and ending inventory $344.00 cost of merchandise sold $456.00 and ending inventory $448.00 cost of merchandise sold $456.00 and ending inventory $440.00